Is Southborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southborough has remained a Seller's Market.
Housing Prices in Southborough, MA
How much do homes in Southborough, MA cost?
Median Sold Price
$940,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southborough was $940,000 in April 2024, up 3.3% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $504.5K | $555K | +10.0% |
3 Bedrooms | $590K | $680K | +15.3% |
4 Bedrooms | $1.0M | $1.2M | +15.5% |
5+ Bedrooms | $1.7M | $1.7M | -2.2% |
Summary: Southborough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Hopkinton | $820.2K | $884K | +7.8% |
Ashland | $579.3K | $600K | +3.6% |
Southborough | $910K | $940K | +3.3% |
Westborough | $660K | $649.9K | -1.5% |
Housing Supply in Southborough, MA
How many homes are available in Southborough, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 22 | -29.0% |
Summary: The Southborough real estate market had 22 homes for sale in April 2024, a 29.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 21 | 15 | -28.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southborough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Southborough in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Southborough, MA
How long does it take to sell a home in Southborough, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 16 Days | +21.5% |
Summary: Homes in Southborough had an average of 16 days on market in Apr 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Southborough; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.