Northbridge, MA 01534 Real Estate Market Report

ZIP Code: 01534
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Northbridge, MA is $552,400, reflecting a competitive market environment despite a modest price appreciation trend. This indicates a stable market condition, with prices showing an upward trajectory year-over-year. The market appears to be characterized by slower sales velocity, as evidenced by the 195 days on market, suggesting that while demand exists, buyers may be taking longer to make purchasing decisions.

Inventory levels are elevated relative to sales activity, indicating that the market is experiencing excess supply. This situation may create pricing friction, where sellers must adjust expectations to align with buyer sentiment. The overall market temperature is classified as hot, suggesting that despite the slower transaction volume, there remains a strong interest in properties in the area, particularly as the median listing price stands at $599,500.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near 6.01% for Northbridge MA property owners are 0.86% lower than the 6.87% average seen one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $552,400 indicates a stable market with modest price appreciation.

2. With 195 days on market, the sales velocity is slower, suggesting buyers are taking more time to finalize purchases.

3. The median listing price of $599,500 reflects elevated seller expectations in a market with excess supply.

4. The market temperature is classified as hot, indicating strong interest despite slower transaction volume.

5. The median market rent of $2,196 shows an upward trend, suggesting increasing rental demand in the area.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.