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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southbridge is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Southbridge, MA cost?

Median Sold Price

$310,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$37,750(+13.9%)

Key Takeaway

Homes in Southbridge have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$145K
N/A
2 $175K$206K
+17.7%
3 $279.9K$320K
+14.3%
4 $262.5K$301K
+14.7%
5+ $279.9K$340K
+21.5%

Median Sold Price Compared To Nearby Cities

Southbridge
+13.9%
Southbridge Town
+13.9%
Sturbridge
+13.0%
Dudley
+12.2%
Charlton
+7.7%

How many homes are available in Southbridge, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
7174+4.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1410
-28.6%
3 2732
+18.5%
4 1716
-5.9%
5+ 1316
+23.1%

Number of Homes Sold

Jul 2022Aug 2022%
1329+123.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southbridge, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
25 Days19 Days-24.1%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southbridge 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 Southbridge, MA

Number of homes for sale in Southbridge, MA real estate market have reached 74. The number of listings in Southbridge, MA increased by 4.2% between July 2022 and August 2022. In August 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $310,000. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 17.7%, 3 bedrooms properties became 14.3% more expensive, 4 bedrooms properties prices increased by 14.7%, the cost of 5 bedrooms properties went up by 21.5%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 28.6% less available, number of 3 bedrooms homes increased by 18.5%, volume of 4 bedrooms homes went down by 5.9%, volume of 5 bedrooms homes went up by 23.1%. In August 2022, from all listings sold in Southbridge, MA there were more than 17 sold above asking price, over 8 sold below and more than 4 were sold right at the asked price.

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