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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shrewsbury is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Shrewsbury, MA cost?

Median Sold Price

$523,718

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$51,290(+10.9%)

Key Takeaway

Homes in Shrewsbury have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $183K$204K
+11.5%
2 $375K$399.5K
+6.5%
3 $440K$497.5K
+13.1%
4 $657.5K$705K
+7.2%
5+ $790K$850K
+7.6%

Median Sold Price Compared To Nearby Cities

Northborough
+18.0%
Worcester
+13.2%
Shrewsbury
+10.9%
North Grafton
+7.8%
Boylston
+6.1%

How many homes are available in Shrewsbury, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
165157-4.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 1010
0.0%
2 2726
-3.7%
3 5353
0.0%
4 5550
-9.1%
5+ 2018
-10.0%

Number of Homes Sold

Jul 2022Aug 2022%
5847-19.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shrewsbury, you could pay more than the asking price. 66% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
18 Days15 Days-16.9%

Breakdown of Home Sale Times

42 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 Shrewsbury 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 Shrewsbury, MA

Number of homes for sale in Shrewsbury, MA real estate market have reached 157. The inventory of homes for sale in Shrewsbury, MA between July 2022 and August 2022 decreased by 4.8%. In August 2022, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $523,718. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties became 11.5% more expensive, the cost of 2 bedrooms properties went up by 6.5%, the cost of 3 bedrooms properties went up by 13.1%, prices of 4 bedrooms properties increased by 7.2%, prices of 5 bedrooms properties went up by 7.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 3.7%, 3 bedrooms homes inventory did not change, 4 bedrooms homes became 9.1% less available, 5 bedrooms homes inventory decreased by 10%. In August 2022, from all listings sold in Shrewsbury, MA there were more than 31 sold above asking price, over 11 sold below and more than 5 were sold right at the asked price.

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