Monday Morning Market Watch for Medway – 21 September 2009

Currently there are 66 single family homes on the market in Medway. The houses have an average list price of $470,000 and an average market time of 190 days. There are 15 properties available for $300,000 or less. On the upper end of the scale, there are 4 properties listing for $800,000 or more.

Four single family properties came on the market the last week. The first is a 4 bedroom cape on Mechanic Street. The second is a 6 bedroom colonial on Rockwood Road. The next is a 3 bedroom split on Fisher Street. The last is a 2 bedroom ranch on Summer Street.

Six single family homes went under agreement in the last week. One is a 3 bedroom colonial on Lincoln Street. The second is a 3 bedroom split on Winthrop Street. Another is a 4 bedroom cape on Coffee Street. Then there is the 4 bedroom colonial on Winthrop Street and a 4 bedroom cape of Summer Hill Road. Lastly is a 4 bedroom colonial on Cedar Farms Road. One other property has been flagged to go under agreeement soon.

Two single family homes sold in the past week. One was a three bedroom raised ranch on Main Street that sold for $275,000 and the other was a 4 bedroom colonial on Winthrop Street that sold for $430,000.

There are currently 9 condos on the market in Medway. The condo average list price is $325,000 with an average price per square foot of $155. Average time on market is 233 days. No new condos came on the market last week.

There are five multi-families on the market in Medway. Average list price for multi-families is $311,000 with an average time on market of 184 days. Medway has seen very little movement in the multi-family market.