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The South End housing market has become highly competitive, as demonstrated by the substantial increase in home prices. In the last year alone, the median sale price of a home in South End has surged by an impressive 110.5%, reaching a staggering $1M last month. Furthermore, the median sale price per square foot has risen by 6.8% since last year, with the current price being $423. These figures suggest a flourishing real estate market in South End, making it an attractive yet challenging location for potential homebuyers.
Somewhat Competitive. In the current market, certain homes are receiving multiple offers, leading to increased competition among buyers. On average, homes sell for around the listed price and go pending within approximately 43 days. However, in some cases, homes can sell for approximately 1% above the listed price and go pending in just 17 days. It is essential for homebuyers to be aware of the current market trends and act quickly to secure a home in this competitive environment.
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