Analysis of Housing Market Statistics
Northborough, MA, Massachusetts has not seen any improvement in the market, in fact, the reverse is true, as buyers sit on the sidelines or don't like the prices in Northborough. Inventory is up over 30%, but sales are down, and are really lagging where some of the other towns are. What does all that mean? Sellers are sitting around while they find the right price, with Days on Market up to 190 days for Solds. Expect that to continue to climb, we will likely break through 200 next report. Amazingly, 80% of the inventory is under 500K, so this is no Luxury hangover. In fact, there's over 47 homes under 350K, so you have to wonder where the first time buyers are - there's clearly opportunities in Northborough.
Find Your Next Home or Check out the Competition!
Housing Market Statistics
- Northborough, MA has 104 homes (vs. 71 in the last Northborough home Sales Report) listed as Active.
- Northborough, MA had 46 houses sold (vs. 51) in the last 6 months, and 35 (vs. 23) homes sold in the last 3 months.
- Northborough, MA has an Average Market Time of 192 days (vs. 172) for SOLD homes.
- Northborough, MA has an Average Market Time of 103 days for ACTIVE homes.
- Northborough, MA has an Average Sold Price of $373,587 for sold homes.
- Northborough, MA has 1 (vs. 2) properties advertised as lender owned (typically foreclosure) .
- Northborough, MA has 5 ( vs. 3) properties advertised as short sales required by lender .
- “Hot Seller Index”: 73
*All statistics are for Single Family Homes.
Wondering about my Market Methodology? Read my Explanation for Massachusetts Home Statistics.
Our Top Articles
- OH NO! Is my septic system failing and do I need a new one?
- What is a 203K loan, and can it help me fix up a home I want to buy?!
- Can I use an FHA loan for a condo? It depends.
- What is Deed In Lieu of Foreclosure?
- I need a house cheap! Is a home foreclosure or an REO property the right way to go?
- Investors can make money on foreclosures - can you?
