Is Sherborn, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sherborn was a Neutral Market.
Key Takeaway
Sherborn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherborn, MA
How much do homes in Sherborn, MA cost?
Median Sold Price
$1,225,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sherborn have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Sherborn was $1,225,000 in April 2024, up 11.4% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $832.3K | $927.5K | +11.4% |
| 3 Bedrooms | $940.5K | $825K | -12.3% |
| 4 Bedrooms | $1.1M | $1.2M | +12.0% |
| 5+ Bedrooms | $1.8M | $1.7M | -2.7% |
Summary: Sherborn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in Sherborn, MA
How many homes are available in Sherborn, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Summary: The Sherborn real estate market had 24 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sherborn housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherborn, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Sherborn in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Sherborn, MA
How long does it take to sell a home in Sherborn, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 78 Days | +237.7% |
Summary: Homes in Sherborn had an average of 78 days on market in Apr 2024, up by 237.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherborn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Sherborn; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
