$2,731 Closing Credit*
$230,000
691 SqFt
1 Bed
•1 Full Bath
#73308387, Jamie Chomo, Listing Office: Mathieu Newton Sotheby's International Realty
Is Westborough, 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, Westborough has remained a Seller's Market.
Key Takeaway
Westborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westborough, MA
How much do homes in Westborough, MA cost?
Median Sold Price
$630,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$20,000(-3.1%)
Key Takeaway
Homes in Westborough have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Westborough was $630,000 in September 2024, down 3.1% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400.5K | $425K | +6.1% |
| 2 Bedrooms | $513.4K | $544.9K | +6.1% |
| 3 Bedrooms | $595K | $626K | +5.2% |
| 4 Bedrooms | $921K | $995K | +8.0% |
| 5+ Bedrooms | $1.1M | $875K | -26.0% |
Summary: Westborough housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
| North Grafton | $465K | $567.5K | +22.0% |
| Northborough | $578.6K | $670K | +15.8% |
| Hopkinton | $818.3K | $942K | +15.1% |
| Southborough | $930K | $980K | +5.4% |
| Westborough | $650K | $630K | -3.1% |
Housing Supply in Westborough, MA
How many homes are available in Westborough, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 49 | -12.5% |
Summary: The Westborough real estate market had 49 homes for sale in September 2024, a 12.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 19 | 12 | -36.8% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Westborough housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 36.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westborough, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Westborough in September 2024, down by 34.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Westborough, MA
How long does it take to sell a home in Westborough, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 43 Days | +89.3% |
Summary: Homes in Westborough had an average of 43 days on market in Sep 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
12 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 Westborough are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 15 homes were sold in Westborough; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
