$10,000 Closing Credit*
$1,199,000
3,698 SqFt
5 Beds
•3 Full Baths
#73290758, Lora Savage, Listing Office: Century 21 XSELL REALTY
Is Southbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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.
Housing Prices in Southbridge, MA
How much do homes in Southbridge, MA cost?
Median Sold Price
$370,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$32,000(+9.5%)
Key Takeaway
Homes in Southbridge have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Southbridge was $370,000 in August 2024, up 9.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $300K | $289.9K | -3.4% |
| 3 Bedrooms | $336.5K | $342K | +1.6% |
| 4 Bedrooms | $339K | $410K | +20.9% |
| 5+ Bedrooms | $350K | $420K | +20.0% |
Summary: Southbridge housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Charlton | $460.9K | $535.9K | +16.3% |
| Southbridge | $338K | $370K | +9.5% |
| Southbridge Town | $338K | $370K | +9.5% |
| Sturbridge | $428K | $465K | +8.6% |
| Dudley | $399.9K | $408.7K | +2.2% |
Housing Supply in Southbridge, MA
How many homes are available in Southbridge, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Southbridge real estate market had 44 homes for sale in August 2024, a 8.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 15 | 8 | -46.7% |
Summary: The Southbridge housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 46.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southbridge, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Southbridge in August 2024, down by 33.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Southbridge, MA
How long does it take to sell a home in Southbridge, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +50.8% |
Summary: Homes in Southbridge had an average of 38 days on market in Aug 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
7 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 Southbridge are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 10 homes were sold in Southbridge; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
