Is Westborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$655,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Westborough have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Westborough was $655,000 in March 2024, down 0.8% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.5K | $400K | +27.1% |
| 2 Bedrooms | $482.5K | $518.4K | +7.5% |
| 3 Bedrooms | $575K | $618.5K | +7.6% |
| 4 Bedrooms | $810K | $967.5K | +19.4% |
| 5+ Bedrooms | $875K | $1.0M | +19.5% |
Summary: Westborough housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Northborough | $589K | $651K | +10.5% |
| Hopkinton | $815K | $878.1K | +7.8% |
| Southborough | $912.5K | $930K | +1.9% |
| Westborough | $660K | $655K | -0.8% |
Housing Supply in Westborough, MA
How many homes are available in Westborough, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Westborough real estate market had 44 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Westborough housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westborough, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Westborough in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 51 Days | +33.2% |
Summary: Homes in Westborough had an average of 51 days on market in Mar 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westborough are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Westborough; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
