Home Buying in Westford>Question Details

homeupgrades…, Home Buyer in Westford, MA

What is the average price to buy a 3 bedroom house in the westford area,also what's the rent for the same property, average tax for the same property?

Asked by homeupgrades24, Westford, MA Wed Jan 9, 2013

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justbpos’ answer
The average SOLD price depends on square footage. Therefore the breakdown is as follows for just 3 bedroom homes in Westford alone:

1001-1500 sq.ft., average price; $274,000.
1501-2000 sq.ft., average price; $320,000
All remaining above 2001 sq.ft. $433,000

The average currently active LISTED price, includes all under agreement listings too:

1001-1500 sq.ft., average price; $290,000.
1501-2000 sq.ft., average price; $343,000
All remaining above 2001 sq.ft. $455,000

Please note that list prices are not true indicators of market value. Also note that all distressed properties were eliminated from these findings as these are not, ARMS LENGTH TRANSACTIONS, and would diproportionally weigh down prices.
0 votes Thank Flag Link Thu Jan 10, 2013
Here are the sale stat's from the last year in Westford: 3+bedroom single family homes:

Total Number Sold:218
Avg. Living Area Square Footage: 2,514.84
Avg. List Price: $502,045
Avg. Sale Price: $490,156
Avg. Days On Market: 115.74

Taxes will be based on the size of the home so it can range anywhere from +-$4,000 to +-$15,000/yr, the average will probably be somewhere between $7,000-8,500/year

Here is every property currently on the market in Westford:
http://www.territory.com/search?search_string=WESTFORD&m…

I hope that helps get you started!

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701
Web Reference: http://territory.com/
0 votes Thank Flag Link Mon Jan 14, 2013
Similarly to Deb, after removing properties that require extensive re-hab, short sales and/or foreclosures, the average sale price based on the past 6 months, is approximately $340,000 with an average days on market of 113. Rentals of 3BR dwellings average about $2,000 with a low of $1,600 an a high of $3,000. The average days on m arket for a rental is approximately 54 days. With regards to deriving an average tax for similar property, I'd recommend that you consult with the Westford Assessor and/or Tax Department as the variable is too wide without more detailed information regarding the size of the home, age, amenities, etc. I hope you find this information helpful. If you have any further questions, please don't hesitate to contact me.

Regards,
Catherine Condon
Web Reference: http://www.integrity-rb.com
0 votes Thank Flag Link Wed Jan 9, 2013
If you take out rehabs and foreclosures in need of rehab, the average price sold for the past year is about $350K. Rentals of 3 bedrooms (including condos) was about $2K.
0 votes Thank Flag Link Wed Jan 9, 2013
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