Roxbury Single-Family Home Market Performance in 2024
Sales Volume & Market Activity
The Roxbury single-family home market saw limited sales activity in 2024:
- Highest Number of Homes Sold: October (3 homes closed)
- Lowest Number of Homes Sold: January – June (0 homes closed)
- Fastest Selling Period: July (17 days on the market)
- Slowest Selling Period: November (196 days on the market)
Comparison to 2023:
- 2024 had fewer single-family home sales than 2023, suggesting a more buyer-friendly market.
- Days on Market (DOM) increased in many months, indicating more extended property selling periods.
Median Sale Prices & Market Trends
The Roxbury single-family home market had significant price variations throughout 2024:
- Highest Median Sale Price: October ($1,080,000)
- Lowest Median Sale Price: August ($485,000)
- First Quarter Trends: Prices remained at $965,000 in January and February, rising to $1,050,000 in March.
- Second Quarter Trends: April – June maintained a median price of $1,050,000 but saw no recorded sales.
- Third Quarter Trends: Prices fluctuated, with July at $1,040,000 and August dropping significantly to $485,000.
- Fourth Quarter Trends: Prices rebounded to $1,080,000 in October, but November dropped to $945,000.
Comparison to 2023:
- 2024 showed lower overall transaction volume, leading to increased price volatility.
- Despite fewer sales, the highest recorded sales in 2024 ($1,080,000) exceeded 2023’s average sales price.
2025 Roxbury Single-Family Home Market Forecast
Looking ahead to 2025, we anticipate changes based on economic conditions, mortgage rates, and government policy shifts.
Best Time for Buyers: Early 2025 (January – April)
With longer days on the market and lower demand, buyers may find more favorable deals in early 2025.
Best Time for Sellers: Mid-to-late 2025 (May – September)
Demand typically increases in spring and summer, so sellers will have better opportunities to secure competitive offers.
How the New Presidential Administration May Impact Roxbury’s Housing Market
A new administration in 2025 could influence Roxbury’s single-family home market in several ways:
1. Interest Rate Adjustments
Lower interest rates could increase buyer demand, boosting home sales.
Higher rates would reduce affordability, keeping some buyers out of the market.
2. Housing Affordability & Stimulus Measures
Potential tax breaks for first-time homebuyers could boost demand. Federal housing supply initiatives may impact pricing and availability. New rent control policies could affect investor confidence, shifting market demand.
3. Economic Growth & Inflation
A strong economy could lead to higher disposable incomes and home purchases. Economic uncertainty may slow demand, causing more extended selling periods.
Key Takeaways for Buyers & Sellers in 2025
For Buyers:
- Early 2025 will be the best time to find deals and negotiate better prices.
- If interest rates decrease, mortgage affordability will improve.
For Sellers:
- Peak selling season (May – September) will bring higher offers and faster sales.
- Strategic pricing will be key, as buyers remain sensitive to market conditions.
Planning to Buy or Sell a Single-Family Home in Roxbury in 2025?
The Roxbury single-family home market is set for another dynamic year. Whether buying or selling, staying informed on market trends is essential.
Contact me today for a customized market analysis and expert guidance! Click here to check out the Condo and Roxbury Rental Market Analysis. Stay updated with weekly reports on Instagram, Facebook, and YouTube to make the best real estate decisions.
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