Homes For Sale in Northboro Market Report

Northborough checks in with some disappointing news for sellers (It's so hard to follow Natick....). The market has pulled back from it's late resurgence this year. Prices have pulled back a bit, and homes are sitting around a smidge more. Combine that with falling transaction volume, and we have a 30 point drop in the HSI.

Can’t see the chart? You can find it Here .

Now let me be clear: The market isn't BAD for sellers. It's just not as good as it is in many of the other towns in Metrowest. What that means to me is that Northborough is likely to remain one of my "top value" spots in 2014. There's a lot to like in Northborough !!! (See previous posts for more info). 

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And with prices not having run up as much or as fast as the neighboring towns, it remains a solid value for buyers who should put it on their home search map.

 

 

Northboro Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Northboro‘s “Home Seller Index” (HSI): 127 Last Report: 166
  • There are 33 homes listed as For Sale.
  • There have been 89 houses sold in the last 6 months, and 42 homes sold in the last 3 months in Northboro.

    Homes in Northboro won't break the bank

    this year.  They remain good values and a recommended

    buyer location.
  • The Average number of Days on Market was 98 days for just SOLD homes.
  • There is an Average Market Time of 156 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $189 (vs. $195)
  • There was an Average Sold Price of $393,046 for sold homes.
  • Northboro, MA, has 0 properties (vs. 1) advertised as lender owned or foreclosure (typically foreclosure) .
  • Northboro has 1 properties advertised (vs. 1) as a short-sale is going to be needed by lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.