$10,000 Closing Credit*
$1,099,000
3,262 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73298475, Evis Mason, Listing Office: Boston Connect Real Estate
Is Southborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Southborough, MA
How much do homes in Southborough, MA cost?
Median Sold Price
$980,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$50,000(+5.4%)
Key Takeaway
Homes in Southborough have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Southborough was $980,000 in September 2024, up 5.4% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.1K | $547.2K | +5.8% |
| 3 Bedrooms | $658K | $680K | +3.3% |
| 4 Bedrooms | $1.0M | $1.1M | +9.3% |
| 5+ Bedrooms | $1.9M | $1.3M | -31.5% |
Summary: Southborough housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $818.3K | $942K | +15.1% |
| Ashland | $578K | $620K | +7.3% |
| Southborough | $930K | $980K | +5.4% |
| Westborough | $650K | $630K | -3.1% |
Housing Supply in Southborough, MA
How many homes are available in Southborough, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Southborough real estate market had 23 homes for sale in September 2024, a 14.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Southborough housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southborough, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Southborough in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 38 Days | +109.8% |
Summary: Homes in Southborough had an average of 38 days on market in Sep 2024, up by 109.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southborough are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Southborough; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
