Northbridge, MA 01534 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. The primary market indicator is the median sold price of $546,500, which represents recent transaction activity and, when contrasted with the median listing price of $759,950, suggests pricing friction between seller expectations and closed sales that may indicate constrained realized value in the current market.
2. The median days on market of 249 points to slower sales velocity versus brisk markets and, coupled with a described relatively constrained active supply, suggests moderate liquidity and elongated negotiation windows for sellers and buyers.
3. Market momentum is positive: the overall market temperature is hot and the price year-over-year trend is up, while rent year-over-year trend is up as well — together these signals indicate strengthening price and rental demand fundamentals for SFRs and condos in Northbridge.
4. Interest rate pressure is elevated (Current 30-year fixed mortgage rates are approximately 6.61%), which creates a headwind for affordability even as rental demand remains supported by a median market rent of $2,196 and a median price per square foot of $230; this combination suggests higher financing costs constraining buyer affordability despite underlying rent and price strength.

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.