Real Estate Market Update for 01844 (Methuen, MA)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 6% from one year earlier, and down 15% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just over 280-thousand dollars. The number of units sold increased 18% year-over-year, and increased 25% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 01844 (Methuen, MA)
Area Information for 01844 (Methuen, MA)
  • Population: 47,808
  • Median Age: 38.66 yr
  • Median Commute Time: 19.61 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 2,152/sq mi
  • Population Change Since 2000: 8.79%
  • Closest Airport: Manchester
  • Closest College: St Basils Seminary
  • Closest Jr. College: Northern Essex Community College
  • Median Household Income: $63,385
  • Annual Residential Turnover: 19.27%
  • Median Years in Residence: 5.85 yr
  • Median Home Sales Price: $229,950
  • Closest Major Sports Team: Nh Fisher Cats
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 01844 (Methuen, MA)
Median Age: 38.66 Married: 35% Number of Households: 17,811 Households with Children: 6,911
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 01844 (Methuen, MA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Tenney Grammar School 0.5 mi Public PRESCHOOL-8 1 4
      St. Monica School 0.7 mi Catholic K-8 0 5
      Presentation Of Mary Academy 0.7 mi Catholic 9-12 0 4
      Donald P Timony Grammar 0.7 mi Public PRESCHOOL-8 1 3
      The Islamic Academy For Peace 1.0 mi Private PRESCHOOL-8 0 4
      Community Kindergarten Of Methuen 1.0 mi Private PRESCHOOL-8 0 0
      Methuen High School 1.1 mi Public 10-12 2 3
      Comprehensive Grammar School 1.3 mi Public PRESCHOOL-8 2 4
      Fellowship Christian Academy 1.9 mi Private PRESCHOOL-12 0 4
      St. Ann's Home 2.1 mi Private - 0 5
      Marsh Grammar School 2.3 mi Public PRESCHOOL-8 2 4
      Pleasant Valley School 2.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Growing Years 2.8 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 01844 (Methuen, MA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.