walpole

walpole

Homes For Sale In walpole. Explore the inviting real estate opportunities in Walpole, MA, a charming town in Norfolk County. 

Known for its rich history and welcoming community, Walpole offers a variety of housing options from quaint New England-style homes to modern new builds. 

Families are drawn to its excellent schools, beautiful parks, and convenient access to Boston. 

Whether you’re a first-time homebuyer or looking to upgrade, Walpole’s diverse real estate market has something for everyone.

Homes For Sale In walpole

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

Walpole, Massachusetts has been experiencing a robust real estate market with significant price appreciation over the past year. As of May 2024, the median home value in Walpole was $748,443, representing a substantial 9.9% increase from the previous year.

This trend indicates a strong seller’s market, with demand outpacing supply.The housing market in Walpole is highly competitive, with homes receiving an average of 2 offers and typically selling after 18 days on the market.

In May 2024, the median sale price reached $710,000, marking a 15.1% increase compared to the previous year. This rapid appreciation has made Walpole an attractive location for both homeowners and investors.For potential buyers looking to enter the Walpole real estate market, there are several factors to consider:

  1. Competitive bidding: Many homes in Walpole receive multiple offers, with some buyers waiving contingencies to make their bids more attractive. Hot properties can sell for about 8% above the list price and go pending in around 8 days.
  2. Price per square foot: The median sale price per square foot in Walpole is $394, which has actually decreased by 4.2% since last year. This metric can help buyers assess the value of properties they’re considering.
  3. Housing inventory: As of January 2024, there were 38 homes for sale in Walpole, a 9.5% decrease from the previous month. This limited inventory contributes to the competitive nature of the market.
  4. Property types: Single-family detached homes are the most common housing type in Walpole, accounting for 72.48% of the town’s housing units. Buyers should be aware that this dominance of single-family homes may impact pricing and availability.
  5. Age of housing stock: A significant portion of Walpole’s housing was built between 1970 and 1999, with another large segment constructed between 1940 and 1969. Buyers should consider potential maintenance and renovation costs associated with older homes.
  6. Neighborhood variations: Real estate appreciation rates can vary significantly between neighborhoods within Walpole. Buyers should research specific areas to identify those with the best track record of appreciation.
  7. Seasonal trends: The Walpole real estate market may experience seasonal fluctuations in inventory and pricing. Buyers should work with local real estate professionals to understand the best times to enter the market.
  8. Future growth potential: Walpole’s consistent appreciation rates suggest continued growth in the real estate market. However, buyers should also consider broader economic factors that could impact future property values.

In conclusion, Walpole’s real estate market presents both opportunities and challenges for buyers. The strong appreciation rates make it an attractive investment, but the competitive nature of the market requires careful planning and potentially aggressive bidding strategies.

Prospective buyers should work closely with local real estate agents to navigate this dynamic market and find properties that align with their needs and budget.

walpole MA Real Estate Market Report

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