The Southborough Homes For Sale Market Report

Southborough checks in with it's strongest HSI to date; but prices really haven't followed. I'm not sure what that might be- but I think what it means is that Southborough is likely to stay strong through the summer. I had Southborough on my value list at the beginning of the year; buyers seem to agree. Here's the chart.

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

Home for Sale are up over the lows, but still about half what they were last year at this time. That shows there's still pressure on the market. But it's really a tale of two markets - the average sale price is 660K, but the average list price is well over 800K, showing that there are a lot of luxury houses fishing for buyers out there. That's not crazy different from lots of towns, Sudbury often has that, and Natick did in the last report, but at some point these luxury houses are going to come down to meet the market, it's crowded up there.

What should active home buyers do in Southborough ?

Well, as noted, above 800K, you'll see lots of choices. Below 600, the market will be thin. Southborough is a small market to begin with, but the right house could be out there. Southborough is still seeing quick sales though, so don't put it on the back burner - the nicest stuff is moving very quickly.

 

 

What should potential home sellers do in Southborough ?

Well, it really depends on what you're trying to sell - and I think that is probably going to be true in a lot of towns going forward. Clearly, we are seeing some differentiation, and while that's healthy overall, it can make blanket decision tougher. I think Southborough will have a good fall, but will prices rise? Harder to tell. I think they should - Southborough still looks inexpensive, but there's a lot going on in the world, and the future is murky.

 

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

 

  • Southborough ‘s “Home Seller Index” (HSI):156 Last Report: 141
  • There are 38 homes listed as For Sale.
  • There have been 84 houses sold in the last 6 months, and 69 homes sold in the last 3 months in Southborough.
  • The Average number of Days on Market was 47 days for just SOLD homes.
  • There is an Average Market Time of 108 days of the Southborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $213 (vs. $212 in the last report)
  • Current sellers are looking for $ 239 /sq. foot
  • There was an Average Sold Price of $667,508 for sold homes.
  • Southborough , MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

 

 

All raw data 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!.

 

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.