Skip to main content

Tewksbury Real Estate Market Gains Strength; Sales, Prices On The Rise

Jul 30, 2014 03:14PM, Published by Bill Gilman, Categories: Business, Today


The Real Estate market in Massachusetts continues to rebound.



The once-soft real estate market continues to rebound in Tewksbury and across the state.
According to statistics published by The Warren Group, 37 single-family homes were sold in Tewksbury in June. That's an increase of 32.14 percent over June 2013.
For the year, 124 single-family homes have sold in Tewksbury, up 6.9 percent over the same time period in 2013.
The price for the homes being sold is also on the rise. According to the Warren Group, the median price for single-family homes sold in Tewksbury in 2014 is $339,906. That's up 7.1 percent over a year ago.
The sales report is not quite as strong for Condo sales but the prices are also on the way up.
According to the report, 20 condo units were sold in Tewksbury in June, bringing the total to 74 for the year to date. That's an increase of just 1.37 percent over 2013.
However, condo sale prices have jumped 16.8 percent to an average sale price of $265,000 thus far in 2014.
The strengthening of the Tewksbury Real Estate market mirrors improvements across the state. According to the Warren Group report, single family home sales rose 3.7 percent in June compared to June 2013. For the year, sales remain down 1.8 percent.
Condo sales, however, increased by 11 percent in June and have jumped 9.7 percent year to date.
Prices are up for both single family homes and condos across the state. The median price for a single family home sold in June was $359,900, up 2.8 percent over June 2013. Year-over-year, median sales prices have increased each month since October 2012.
Prices are up 4.7 percent year to date, with the median price of a home sold in Massachusetts in 2014 at $329,900.
Condo prices also showed a significant increase. The median price for a condo sold in the Bay State in 2014 is $310,000. That's up a whopping 8.7 percent over the same six-month time period a year ago.

Click here to check out all the homes, condos and foreclosures available for purchase in Tewksbury by browsing the Your Tewksbury Today Real Estate Section.





Follow us on Facebook at https://www.facebook.com/yourtewksburytoday/ Follow us on Twitter at @TewksburyToday Follow us on Instagram at YourTewksburyToday

tewksbury massachusetts real estate home sales warren group condo sales condos real estate market


  • Tewksbury Farmer's Market

    08/22/2017
    04:00PM — 07:00PM

    The Tewksbury Farmer's Market is open every Tuesday, from 4 P.M. - 7 P.M. on the Tewksbury Town C...


  • Troop 49 Meeting

    08/22/2017
    07:00PM — 08:30PM

    Troop 49 meets weekly from 7-8:30 on Tuesday nights in St. Williams Parish Center, 1351 Main Stre...


  • Tewksbury Library Summer Lecture Series

    08/22/2017
    07:00PM — 08:00PM

    The library is organizing interesting lectures every Tuesday night, generally from 7pm to 8pm. J...


  • Tap Dancing with Val

    08/24/2017
    08:45AM — 09:30AM

    A fun, beginner level tap class that works on rhythm and basic tap steps put to upbeat music from...


  • Tewksbury Library Summer Author Series

    08/24/2017
    07:00PM — 08:00PM

    The library is welcoming authors every Thursday night, from 7pm to 8pm. Visiting authors include ...


It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.