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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westborough is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Westborough, MA cost?

Median Sold Price

$615,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$17,500(+2.9%)

Key Takeaway

Homes in Westborough have sold for 2.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $169.1K$190K
+12.4%
2 $370.2K$380K
+2.6%
3 $512.5K$550K
+7.3%
4 $700K$815K
+16.4%
5+ $986K$880K
-10.8%

Median Sold Price Compared To Nearby Cities

Southborough
+25.5%
Northborough
+24.2%
Hopkinton
+17.7%
North Grafton
+10.2%
Westborough
+2.9%

How many homes are available in Westborough, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
8374-10.8%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 10
-100.0%
2 1816
-11.1%
3 2015
-25.0%
4 3539
+11.4%
5+ 94
-55.6%

Number of Homes Sold

Jun 2022Jul 2022%
2726-3.7%

Asking Price vs. Sold Price

5 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 Westborough, you could pay more than the asking price. 65.4% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
17 Days23 Days+33.5%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westborough 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 Westborough, MA

Westborough, MA has 74 homes for sale to choose from. The number of listings in Westborough, MA decreased by 10.8% between June 2022 and July 2022. Listings spent 23 days on the market in July 2022, and had a median list price of $615,000 during the same period. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 12.4% more expensive, the cost of 2 bedrooms properties went up by 2.6%, prices of 3 bedrooms properties went up by 7.3%, the cost of 4 bedrooms properties went up by 16.4%, 5 bedrooms properties became 10.8% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 100%, 2 bedrooms homes inventory decreased by 11.1%, the quantity of 3 bedrooms homes went down by 25%, volume of 4 bedrooms homes went up by 11.4%, number of 5 bedrooms homes decreased by 55.6%. In July 2022, from all listings sold in Westborough, MA there were more than 17 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price.

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