Is Foxboro, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Foxboro has remained a Seller's Market.
Key Takeaway
Foxboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foxboro, MA
How much do homes in Foxboro, MA cost?
Median Sold Price
$667,500
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Foxboro have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Foxboro was $667,500 in May 2024, up 11.3% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341.2K | $199.9K | -41.4% |
| 2 Bedrooms | $440K | $498K | +13.2% |
| 3 Bedrooms | $585K | $614.9K | +5.1% |
| 4 Bedrooms | $735K | $805K | +9.5% |
| 5+ Bedrooms | $687.5K | $1.0M | +48.0% |
Summary: Foxboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 48%.
Median Sold Price Compared To Nearby Cities
| Foxboro | $600K | $667.5K | +11.3% |
| Foxborough | $600K | $667.5K | +11.3% |
| Mansfield | $610K | $649K | +6.4% |
| Sharon | $749K | $765K | +2.1% |
Housing Supply in Foxboro, MA
How many homes are available in Foxboro, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The Foxboro real estate market had 40 homes for sale in May 2024, a 4.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Foxboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foxboro, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Foxboro in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Foxboro, MA
How long does it take to sell a home in Foxboro, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 29 Days | -23.7% |
Summary: Homes in Foxboro had an average of 29 days on market in May 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Foxboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Foxboro; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
