Is Shrewsbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shrewsbury has remained a Seller's Market.
Housing Prices in Shrewsbury, MA
How much do homes in Shrewsbury, MA cost?
Median Sold Price
$612,500
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shrewsbury was $612,500 in April 2024, up 12.9% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $240K | +23.1% |
2 Bedrooms | $400K | $467.5K | +16.9% |
3 Bedrooms | $505K | $555K | +9.9% |
4 Bedrooms | $770K | $815K | +5.8% |
5+ Bedrooms | $855K | $900K | +5.3% |
Summary: Shrewsbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Boylston | $544.5K | $653.3K | +20.0% |
Shrewsbury | $542.5K | $612.5K | +12.9% |
Northborough | $583K | $655K | +12.3% |
Worcester | $394.9K | $424.9K | +7.6% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 94 | +9.3% |
Summary: The Shrewsbury real estate market had 94 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 26 | 34 | +30.8% |
5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Shrewsbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 31 | +63.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Shrewsbury in April 2024, up by 63.2% month-over-month. Of the 31 sold homes, 19% were sold under asking, 6% were sold at asking, and 74% were sold over asking.
Days on Market for Shrewsbury, MA
How long does it take to sell a home in Shrewsbury, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -8.0% |
Summary: Homes in Shrewsbury had an average of 31 days on market in Apr 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Shrewsbury; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.