Real Estate Market Update for Revere, MA

Video: Real Estate Community Tour for Revere, MA

See Real estate community tour for Revere, MA
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 12% from one year earlier, and down 18% 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 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 310-thousand dollars. The number of units sold increased 16% year-over-year, and increased 16% 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.
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Map Information for Revere, MA
Area Information for Revere, MA
  • Population: 53,042
  • Median Age: 37 yr
  • Median Commute Time: 25.78 mins
  • Educational Climate*: 3
  • Sales Tax: 6.25%
  • Population Density: 9,322/sq mi
  • Population Change Since 2000: 11.62%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Mgh Institute Of Health Professions
  • Closest Jr. College: Bunker Hill Community College
  • Median Household Income: $50,851
  • Annual Residential Turnover: 18.58%
  • Median Years in Residence: 4.13 yr
  • Median Home Sales Price: $230,000
  • Closest Major Sports Team: Boston Bruins
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Revere, MA
Median Age: 37 Married: 28% Number of Households: 21,165 Households with Children: 6,386
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 Revere, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Abraham Lincoln 0.3 mi Public PRESCHOOL-5 3 3
      Rumney Marsh Academy 0.4 mi Public 6-8 3-5 4
      Paul Revere Innovation School 0.4 mi Public K-5 0 2
      Revere High School 0.6 mi Public 9-12 2 3
      A. C. Whelan Elementary School 0.7 mi Public K-5 3-5 4
      Susan B. Anthony Middle School 0.7 mi Public 6-8 0 5
      William Mckinley 0.8 mi Public K-5 0 5
      Immaculate Conception 0.9 mi Catholic PRESCHOOL-8 0 4
      Garfield Elementary School 1.2 mi Public PRESCHOOL-5 1 3
      Garfield Middle School 1.2 mi Public 6-8 3 3
      Beachmont Veterans Memorial School 1.7 mi Public PRESCHOOL-5 3 4
      Seacoast School 1.7 mi Public 9-12 0 2
      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 © 2015
      Local Weather for Revere, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.