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 February 2023

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

$590,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$47,437(+8.7%)

Key Takeaway

Homes in Shrewsbury have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Shrewsbury was $590,000 in February 2024, up 8.7% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $200K$239K
+19.5%
2 $400K$470K
+17.5%
3 $500K$550K
+10.0%
4 $750K$805K
+7.3%
5+ $855K$850K
-0.6%

Summary: Shrewsbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Boylston
+25.7%
Shrewsbury
+8.7%
Worcester
+6.3%
North Grafton
+5.1%

Housing Supply in Shrewsbury, MA

How many homes are available in Shrewsbury, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6273+17.7%

Summary: The Shrewsbury real estate market had 73 homes for sale in February 2024, a 17.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1214
+16.7%
3 2322
-4.3%
4 1621
+31.3%
5+ 813
+62.5%

Summary: The Shrewsbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 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. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Shrewsbury in February 2024, down by 36.4% month-over-month. Of the 14 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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

Feb 2023Feb 2024CHANGE
33 Days30 Days-10.1%

Summary: Homes in Shrewsbury had an average of 30 days on market in Feb 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

9 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.

Summary: During February 2024, 14 homes were sold in Shrewsbury; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

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