June

The Northborough Homes For Sale Market Report

Northborough home sellers are enjoying a market moving up, with quick sales and lots of interest.  It hasn't gone unnoticed either - as home sellers are pushing prices up sharply and asking for more.   Home buyers are still seeing bargains, and they are pushing up the prices. 

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

Not much confusion when we look at the details.  Transactions are near a peak, and inventory is near the lows.  HSI remains near it's recent peak over 200. 

What should potential home buyers do in Northborough ?

Home buyers should move quickly - prices still have room to run, as Northborough has been a laggard in this cycle. 

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What should future home sellers do in Northborough ?

Home sellers should recognize that while the market is good, you'll still need to get your home in the best light to create outsized attention.  You can't just put  a sign on your lawn and get top dollar.

Northborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Northborough “Home Seller Index” (HSI):202  Last Report:211
  • There are 30 homes actively listed as For Sale for Home Buyers.
  • In Northborough there have been 117 houses sold in the last 6 months, and 80 homes sold in the last 3 months.
  • The Average number of Days on Market was 45 days for recently SOLD homes In Northborough.
  • Homes for sale have been sitting for an average of 74 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 212 (vs. 205 in the last report)
  • Current home sellers are looking for $ 229 /sq foot
  • There was an Average Sold Price of $439,410 .
  • Northborough , 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 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!.

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