Is Southbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southbridge has remained a Seller's Market.
Housing Prices in Southbridge, MA
How much do homes in Southbridge, MA cost?
Median Sold Price
$354,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southbridge was $354,000 in April 2024, up 8.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $248.5K | $310K | +24.7% |
2 Bedrooms | $274.9K | $277K | +0.7% |
3 Bedrooms | $330K | $340K | +3.0% |
4 Bedrooms | $310K | $390K | +25.8% |
5+ Bedrooms | $339K | $420K | +23.9% |
Summary: Southbridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
Charlton | $449.2K | $520K | +15.8% |
Southbridge | $325K | $354K | +8.9% |
Southbridge Town | $325K | $354K | +8.9% |
Sturbridge | $436K | $451K | +3.4% |
Dudley | $406K | $401K | -1.2% |
Housing Supply in Southbridge, MA
How many homes are available in Southbridge, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 41 | -14.6% |
Summary: The Southbridge real estate market had 41 homes for sale in April 2024, a 14.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 8 | -46.7% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Southbridge 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 decreased by 46.7%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Southbridge in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Southbridge, MA
How long does it take to sell a home in Southbridge, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 32 Days | -22.2% |
Summary: Homes in Southbridge had an average of 32 days on market in Apr 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Southbridge; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.