Northborough, MA - Home Sales and Real Estate Market Report (July, 2013)

Homes For Sale in Northborough Market Report

The Northborough chart looks like many others - declining inventory, rising seller clout. The HSI is 120+, but that doesn't come close to matching other towns. And the kicker: prices are stagnant. I think Northborough is the ONLY town where prices are flat since December of 2011. What gives?

 

Note: The chart above updates automatically with each new real estate market post, so make sure the comments you are reading line up with the time the post was published.

Beats me. Northborough has great schools, great shopping, a tax rate headed down, and great prices. Why wouldn't you be looking in Northborough? Northborough and Southborough share

Find Your Next Home or Check out the Competition!

the same high school, yet prices are 15% cheaper in Northborough. That's a deal, and no mistake. Heads up buyers- look to Northborough.

 

 

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

 

  • Northborough “Home Seller Index” (HSI):120 Last Report: 91
  • There are 61 homes listed as For Sale in Northborough.

    Home are selling in Northborough, but

    buyers are keeping prices where

    they are - and have been for 18 months.
  • There have been 129 houses sold in the last 6 months, and 89 homes sold in the last 3 months.
  • The Average number of Days on Market was 106 days for just SOLD homes.
  • There is an Average Market Time of 108 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $177 (vs. $175 )
  • There was an Average Sold Price of $393,113 for sold homes.
  • Northborough, MA, has 1 properties advertised as lender owned/foreclosure (typically foreclosure) .
  • Northborough has 3 properties advertised as a short-sale is going to be needed by lender .

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

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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.