The Southborough Mass Homes For Sale Market Report and Statistics

Southborough  - like Natick - has seen a drop in prices paid.  Sellers, however, remain optimistic, and are asking for buyers to come back up.

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

Very similar to the other charts - low inventory, but declining transaction volume, and a drop in the HSI from it's peak.

What should potential home buyers do in Southborough?

Home buyers know that Southborough doesn't have a lot of inventory.  Choices in a certain price range can be very limited. There is still pressure on prices, and I would expect the next to move to be higher, depending on how things go with COVID. 

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What should future home sellers do in Southborough?

Home sellers should be careful about getting overly optimistic.  Although choices are thin, buyers have shown patience in bringing the prices down.  Some of this might be the "picked over" inventory cutting prices to sell - a typical part of the early year market - but it's hard to tell in this data. 

Southborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Southborough “Home Seller Index” (HSI): 141 Last Report:121
  • There are 33 homes currently listed as For Sale by Home Sellers.
  • In Southborough there have been 64 houses sold in the last 6 months, and 29 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 42 days for the last 6 months of SOLD homes In Southborough.
  • Homes for sale have been looking for buyers for an average of 115 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $235 (vs. $252 in the last report)
  • Current home sellers are looking for $ 266 /sq foot
  • There was an Average Sold Price of $ 725,288 .
  • 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!.

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