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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southborough is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Southborough, MA cost?

Median Sold Price

$900,000

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$171,000(+23.5%)

Key Takeaway

Homes in Southborough have sold for 23.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $553.5K$675K
+22.0%
3 $585K$600K
+2.6%
4 $925K$1.0M
+18.8%
5+ $1.3M$1.6M
+23.9%

Median Sold Price Compared To Nearby Cities

Southborough
+23.5%
Ashland
+17.0%
Westborough
+5.0%
Hopkinton
+3.1%

How many homes are available in Southborough, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
3424-29.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 104
-60.0%
4 1613
-18.8%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
136-53.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southborough, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days30 Days-5.8%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southborough 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 Southborough, MA

There are 24 homes are for sale in Southborough, MA real estate market. The number of listings in Southborough, MA decreased by 29.4% between October 2022 and November 2022. In November 2022 median list price was $900,000 and the average listing age was 30 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 22%, prices of 3 bedrooms properties went up by 2.6%, the cost of 4 bedrooms properties went up by 18.8%, prices of 5 bedrooms properties increased by 23.9%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 60%, 4 bedrooms homes became 18.8% less available, 5 bedrooms homes became 25% less available. In November 2022 more than 3 listings in Southborough, MA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 0 were sold below.

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