2021 Ave Days on Market

How fast do homes sell?  Average days on market in 2021 is shorter than 2020 but the average days to offer is the best indicator of market speed.

2021 Ave Days on Market

The “days on market” measurement counts the total number of days from original list date to the date a property status is changed to “under agreement”.  Typically this status occurs when a purchase and sale agreement is signed; however, the practice is inconsistent and highly subjective.  The abbreviation “DOM” is used for this measurement.

Days To Offer

“Days to offer” counts the total number of days from original list date to the date a seller accepts an offer.  This is the most accurate measurement of market speed because it shows us the home buyer’s sense of urgency.  The abbreviation “DTO” is used for the measurement.

The market statistics below reflect the average market timing for 2020 and 2021.  The statistics reflect a Condominium, Single Family, and Multi-Family home sold in 2020 and 2021.  The cities and towns included are Arlington, Belmont, Cambridge, Medford, and Somerville, Massachusetts.

Average Days on Market 2021 – Arlington MA

In Arlington the average days to offer is 5-10 days shorter for all property types.  The average DOM is 4-11 days shorter for all property types.

Ave Sale Price Arlington 2021:   Condo $708,904   Single Family $1,069,072   Multi-Family $1,168,580
More:  Arlington MA Market Statistics

Belmont MA 2021

In Belmont the average days to offer is 3-11 days shorter for all property types.  For all property types the average DOM is 1-12 days shorter.

Ave Sale Price Belmont 2021:   Condo $797,522   Single Family $1,512,612   Multi-Family $1,181,120
More:  Belmont MA Market Statistics

Cambridge MA 2021

In Cambridge the average days to offer is 2-7 days longer for a Condo and Multi-Family.  For a Single Family DTO is 4-11 days shorter.  Average days on market is 3-8 days longer for a Condo and Multi-Family.  For a Single Family the average DOM is 7 days shorter.

Ave Sale Price Cambridge 2021:   Condo $987,707   Single Family $2,124,383   Multi-Family $2,115,204
More:  Cambridge MA Market Statistics

Somerville MA 2021

In Somerville the average days to offer is 2-6 days longer for Single and Multi-Family.  For a Condo the average DTO is 6 days shorter.  Average days on market is 4-7 days longer for a Single and Multi-Family home.  For a Condo the average DOM is 5 days shorter.

Ave Sale Price Somerville 2021:   Condo $849,470   Single Family $1,082,201   Multi-Family $1,357,104
More:  Somerville MA Market Statistics

Average Days on Market 2021 – Medford MA

In Medford the average days to offer is 2-30 days shorter for a Single and Multi-Family.  For a Condo the DTO is 3 days longer.  Average days on market for a Single and Multi-Family home is 1-2 days shorter.  For a Condo the average DOM is 4 days longer.

Ave Sale Price Medford 2021:   Condo $631,401   Single Family $771,635   Multi-Family $944,479
More:  Medford MA Market Statistics

Data Source:  MLS Pinergy® as of 2-25-2022
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To learn more about my Home Listing Agent services to sell your home, contact me to schedule a Home Seller Consultation.  We will review the home selling process in Massachusetts, my home marketing and selling services, and more real estate statistics in detail.

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