The Shrewsbury Homes For Sale Market Report

Shrewsbury and Northborough look quite similar, as one would expect, as they often trade buyers. Prices up modestly - but significantly. There are some differences though.

Can’t see the chart? You can find it Here .

To me, the difference is that the Shrewsbury market is a bit hotter - with an HSI at 157 - but not for long, as sellers are asking far above trading value - about 7% - meaning that things could slow down from here.

 

What should active home buyers do in Shrewsbury?

Be careful - the market has had a nice run here, but many houses on the market are expensive relative to the last few months sales. Try not to be time-sensitive in Shrewsbury. Or look in Northborough!

What should potential home sellers do in Shrewsbury?

Be aware that prices could stall here. Or not. But with prices at multi-year highs, many people who couldn't sell two years ago can sell today. With prices up $30/ sq foot in two years, a 1200 sq foot home has increased by $36,000! A 2000 sq foot home has increase by $60,000. You get the idea - it's a lot.

 

 

 

Shrewsbury Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Shrewsbury‘s “Home Seller Index” (HSI): 157 Last Report: 117
  • There are 113 homes listed as For Sale.
  • There have been 222 houses sold in the last 6 months, and 133 homes sold in the last 3 months in Shrewsbury.
  • The Average number of Days on Market was 36 days for just SOLD homes.
  • There is an Average Market Time of 157 days of theShrewsbury homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $197 (vs. $192 )
  • Current sellers are looking for 214 $/sq foot
  • There was an Average Sold Price of $464,967 for sold homes.
  • Shrewsbury,MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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