Stoneham Real Estate Market Continues Increase in Contracts

Sales retained their current pace and came in at 23 homes sold in the Stoneham market over the last 30 days. However, a three-week upward trend for contracts was extended, with 38 pending transactions in the same time frame. Potential buyers should note that prices are coming down in Stoneham, and for this period the median sales price slid from $449,000 to $435,000. With only two months of inventory to sell, Stoneham is a definite seller's market, in spite of the flat sales.

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Demographic facts about Stoneham:

  • 51 years old is the median age of all the homes in the area.
  • The area gets 50.8 inches of snow a year. (U.S. average: 25)
  • The job growth rating in this area is 51. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $6,056 for each student in this area. ($5,691 = national average)

Data reported through 10/12/2016

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