Sharon

Sharon

Homes For Sale In Sharon. Explore the dynamic real estate opportunities in Sharon, MA, a town renowned for its family-friendly atmosphere 

and excellent quality of life. Located in Norfolk County, Sharon offers a diverse array of homes, from charming historic houses to modern new builds. 

The town boasts top-rated schools, beautiful Lake Massapoag, and numerous parks, making it an ideal place for families and nature enthusiasts.

Homes For Sale In Sharon

Sharon, MA - Real Estate Trends Analysis by Key Prime Realty

The real estate market in Sharon, Massachusetts, is currently experiencing robust growth and high demand. As of May 2024, the housing market in Sharon is considered very competitive, with homes receiving multiple offers and selling quickly.Price Appreciation:

Sharon has seen significant price appreciation over the past year. The median home price in Sharon reached $851,000 in May 2024, representing a substantial 17.3% increase from the previous year. This trend is further supported by data from Zillow, which reports an average home value of $857,297, up 11.0% over the past year. Homes for Sale:

The inventory of homes for sale in Sharon has been increasing. In May 2024, there were 64 homes available on the market, a 33.3% increase from the previous month. This growth in inventory spans across various property types: 

  • 2-bedroom homes: 11 listings (83.3% increase) 
  • 3-bedroom homes: 23 listings (21.1% increase) 
  • 4-bedroom homes: 24 listings (33.3% increase) 
  • 5+ bedroom homes: 4 listings (33.3% increase) 

Market Dynamics: Sharon’s real estate market is characterized by quick sales and competitive bidding. On average, homes in Sharon sell after 11 days on the market, compared to 19 days last year. The majority of homes (75%) sold above asking price in May 2024, indicating strong buyer demand.What Buyers Should Look Out For: 

  1. Competitive Bidding: With many homes receiving multiple offers, buyers should be prepared for bidding wars. On average, homes sell for about 3% above list price, with hot properties going for up to 8% above list price. 
  2. Quick Decision-Making: Given the fast-paced market, buyers need to be ready to make quick decisions. Hot homes can go pending in as little as 8 days. 
  3. Price Variations by Property Type: Different types of properties have seen varying levels of price appreciation. For example, 3-bedroom homes have increased by 12.2% in price, while 4-bedroom homes have seen a slight decrease of 0.7%. 
  4. School Districts: Sharon boasts several well-regarded public schools, which can influence property values and demand in specific neighborhoods. 
  5. Environmental Factors: Buyers should consider potential environmental risks such as floods, fires, wind, and heat that could impact homes in the area. 

In conclusion, Sharon’s real estate market presents opportunities for both buyers and sellers, with strong price appreciation and high demand. 

However, buyers should be prepared for a competitive market that requires quick action and potentially higher-than-list-price offers to secure their desired properties.

Sharon MA Real Estate Market Report

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