Unveiling the Real Estate Trends in Mansfield, MA: A 2023 Market Recap

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As we step into the new year, it’s crucial to reflect on the past and gain insights into the local real estate market trends. Mansfield, Massachusetts, has been a hotspot for homebuyers and sellers alike, and the data from 2023 paints a fascinating picture of the town’s real estate landscape. Join us as we delve into the key statistics that shaped the market last year.

Single Family Sold Listings:

In 2023, Mansfield saw a total of 118 single-family homes change hands. This indicates a robust market activity, showcasing the town’s appeal to homebuyers. The diverse range of properties available in Mansfield ensures that there is something for everyone, from cozy starter homes to spacious family residences.

Average Living Area SqFt:

The average living area of sold properties in Mansfield stood at an impressive 2,323.14 square feet. This figure reflects the town’s commitment to providing spacious and comfortable living spaces for its residents. Whether you’re looking for an intimate abode or a larger family home, Mansfield offers a variety of options to suit different lifestyles.

Average List Price:

The average list price for homes in Mansfield during 2023 was $700,082. This number represents the initial asking price for properties, showcasing the perceived value of real estate in the town. The competitive pricing is indicative of the town’s desirability and the amenities it offers to residents.

Average List Price per SqFt:

The average list price per square foot came in at $312. This metric provides a more granular perspective on the pricing structure, revealing the value assigned to each square foot of living space. It’s an essential factor for both buyers and sellers to understand the market dynamics and make informed decisions.

Average Days on Market (DOM):

Properties in Mansfield spent an average of 20.76 days on the market before finding a new owner. This relatively short time frame indicates a healthy demand for homes in the area. Quick turnover can be an advantage for sellers, while buyers need to act promptly in this competitive market.

Average Days to Offer (DTO):

The average days to offer, or the time it took for homes to receive an accepted offer, was 12.88 days. This statistic sheds light on the speed at which buyers are making decisions, emphasizing the need for proactive engagement in the real estate process.

Average Sale Price:

The average sale price for homes in Mansfield reached $722,880 in 2023. This figure represents the final negotiated price, showcasing the town’s overall market strength and the value buyers place on properties in the area.

Average Sale Price per SqFt:

The average sale price per square foot was $322. This metric provides insight into the actual value realized by sellers for each square foot of living space, further refining our understanding of the market dynamics.

Conclusion:

Mansfield, MA, experienced a dynamic real estate market in 2023, marked by strong demand, competitive pricing, and swift transactions. As we move forward into 2024, these insights will be valuable for both buyers and sellers navigating the local real estate landscape. Whether you’re considering buying or selling a home in Mansfield, staying informed about market trends is the key to making sound real estate decisions.