Is Northborough, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northborough is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Northborough has remained a Seller's Market.

Key Takeaway

Northborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Northborough, MA cost?

Median Sold Price

$610,000

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$85,000(+16.2%)

Key Takeaway

Homes in Northborough have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $310K-
N/A
2 $352K$421.5K
+19.7%
3 $484K$605K
+25.0%
4 $699.9K$735K
+5.0%
5+ $750K$840K
+12.0%

Median Sold Price Compared To Nearby Cities

Northborough
+16.2%
Berlin
+14.0%
Boylston
+11.1%
Marlborough
+10.6%
Westborough
+3.3%

How many homes are available in Northborough, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
5646-17.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 1115
+36.4%
3 1918
-5.3%
4 209
-55.0%
5+ 64
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
2315-34.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northborough, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
26 Days25 Days-5.6%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northborough are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Northborough, MA

Number of homes for sale in Northborough, MA real estate market have reached 46. In September 2022 in Northborough, MA there were 17.9% less homes for sale than in August 2022. In September 2022 median list price was $610,000 and the average listing age was 25 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 19.7% more expensive, the cost of 3 bedrooms properties went up by 25%, the cost of 4 bedrooms properties went up by 5%, prices of 5 bedrooms properties increased by 12%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 36.4%, 3 bedrooms homes inventory decreased by 5.3%, 4 bedrooms homes became 55% less available, 5 bedrooms homes inventory decreased by 33.3%. While more than 6 listings in Northborough, MA in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 8 were sold below.

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