Monday Morning Market Watch for Medway – 15 June 2009

Currently there are 74 single family homes on the market in Medway. The houses have an average list price of $457,929 and an average market time of 172 days. There are 19 properties available for $300,000 or less. On the upper end of the scale, there are 4 properties listing for $800,000 or more.

There were 5 new properties that came on the market this week. They range in value from $254,000 to $875,900 and they are found on Holliston Street, Summer Street, Cardinal Circle and two on Florence Circle.

Three single family homes went under agreement in the last week. One was a cape on Main Street. The others were on Howe Street and Independence Lane. Five other homes were flagged to go under agreement soon.

Four single family homes sold in the past week in Medway. One was a colonial on Fisher Street that sold for $335,000. Another was a colonial on Henry Street that sold for $405,000. Next was a colonial on Fairway Lane that sold for $599,000. The last was a colonial on Juniper Road that sold for $639,900.

There are currently 9 condos on the market, four of which are new construction at Pine Ridge Drive. The condo average list price is $331,300 with an average price per square foot of $1,574. Average time on market is 181 days. No new condos came on the market in the past week. A condo at Kingson Lane went under agreement this past week. Two condos sold - a half duplex on Village Street and one of the Kingson Lane condos.

There are three multi-families on the market in Medway. Average list price for multi-families is $319,300 with an average time on market of 189 days.