Is Shrewsbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Shrewsbury, MA
How much do homes in Shrewsbury, MA cost?
Median Sold Price
$583,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Shrewsbury have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Shrewsbury was $583,500 in November 2023, up 10.1% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198.9K | $238K | +19.6% |
| 2 Bedrooms | $403K | $435K | +7.9% |
| 3 Bedrooms | $500K | $552K | +10.4% |
| 4 Bedrooms | $731K | $789.5K | +8.0% |
| 5+ Bedrooms | $850K | $850K | 0.0% |
Summary: Shrewsbury housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shrewsbury | $530K | $583.5K | +10.1% |
| Boylston | $564K | $618K | +9.6% |
| Worcester | $387.4K | $414.2K | +6.9% |
| Northborough | $605K | $618.6K | +2.3% |
| North Grafton | $497K | $498.7K | 0.4% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 116 | 92 | -20.7% |
Summary: The Shrewsbury real estate market had 92 homes for sale in November 2023, a 20.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 38 | 30 | -21.1% |
| 4 Bedrooms | 36 | 25 | -30.6% |
| 5+ Bedrooms | 14 | 9 | -35.7% |
Summary: The Shrewsbury housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 44 | 36 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Shrewsbury in November 2023, down by 18.2% month-over-month. Of the 36 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -10.3% |
Summary: Homes in Shrewsbury had an average of 17 days on market in Nov 2023, down by 10.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shrewsbury are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 36 homes were sold in Shrewsbury; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
