Is Shrewsbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shrewsbury has remained a Seller's Market.
Housing Prices in Shrewsbury, MA
How much do homes in Shrewsbury, MA cost?
Median Sold Price
$590,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shrewsbury was $590,000 in March 2024, up 7.3% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.9K | $240K | +20.1% |
2 Bedrooms | $392.5K | $442K | +12.6% |
3 Bedrooms | $505K | $552K | +9.3% |
4 Bedrooms | $770K | $800K | +3.9% |
5+ Bedrooms | $873K | $840K | -3.8% |
Summary: Shrewsbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
Boylston | $527K | $653.3K | +24.0% |
Northborough | $589K | $651K | +10.5% |
Shrewsbury | $550K | $590K | +7.3% |
Worcester | $394.7K | $420K | +6.4% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 81 | +17.4% |
Summary: The Shrewsbury real estate market had 81 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Shrewsbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Shrewsbury in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.
Days on Market for Shrewsbury, MA
How long does it take to sell a home in Shrewsbury, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +13.1% |
Summary: Homes in Shrewsbury had an average of 23 days on market in Mar 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Shrewsbury; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.