The Southborough Homes For Sale Market Report

For whatever reason, the prices buyers are paying in Southborough has remained markedly steady over the last few quarters.  After a sprout of optimism late last year, seller have come down to meet the market, and have stayed there.

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

I would think that this means Southborough is due to go on a little run, and with so little inventory kicking around, it may.  Also, rising prices in Northborough, Westborough and Hopkinton are going to put pressure on the Southborough, and that's bad for buyers in the future.

 

What should active home buyers do in Southborough ?

Right now, things are stable for buyers, and if the next leg is up, home buyers should keep a close eye on the town.  Things may look expensive, but I think Southborough is headed up next year, so that bodes well.  Sellers have not been on the market very long, and they aren't collectively asking too much, so  buyers can be aggressive here.

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What should potential home sellers do in Southborough ?

Home sellers should be wary of stretching the market this fall.  Although inventory is thin, you'll need the right house to do that strategy.  Buyers are currently price sensitive here, and so reaching just means you'll turn away some of your best prospects, and prolong a marketing cycle when you don't need to.

Southborough Houses For Sale and Sold Market Statistics - MLS Data

  • The Southborough “Home Seller Index” (HSI): 154 Last Report: 160
  • There are 35 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 93 houses sold, and 61 homes sold in the last 3 months in Southborough.
  • The Average number of Days on Market was 56 days for recently 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 by Home buyers in Dollars per Square Foot averaged $224 (vs. $224 in the last report)
  • Current home sellers are looking for $ 226 /sq foot
  • There was an Average Sold Price of $601,271 .
  • Southborough , 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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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.