Northborough Housing Market Statistics Overview
Northborough looks a shade better, but that's probably just because the of the seasonal "quitters" that will come back on after the holidays. Sales haven't really picked up - although they've held steady in the late fall, a positive - but the number of active properties has fallen substantially. Buyers are still picking up property, as the pendings (that will show up in the next report) definitely point to a tighter Northborough market going forward. Buyers are clearly taking advantage of the softer Northborough market to drive good deals, as the Average sold price is down in Northborough, where it is up on about 85% of the towns I cover on this blog.
No substantial change in the foreclosure and short-sale markets, those homes are making up a little bit more of the for sale homes than is healthy, but the number is holding fairly steady, and those properties are finding buyers even this late in the season. Remember buyers, banks often dump short-sales and foreclosures before year end, so if you're in the market, now is the time.
Northborough Housing Market Statistics - Raw MLS Data
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Northborough seems to have improved for Home Sellers but is it just the December effect? |
- There are 79 homes (vs. 102 in the last Northborough Home Sales Report) listed as For Sale.
- There have been 65 houses sold (vs. 63) in the last 6 months, and 38 homes sold (vs. 39) in the last 3 months.
- There was an Average Market Time of 128 days for just SOLD homes.
- There is an Average Market Time of 123 days of the homes For Sale.
- The Dollars paid per Square Foot in Northborough is $177
- There was an Average Sold Price of $369,003 for sold homes.
- Northborough has 5 properties advertised (vs. 3) as lender owned (typically foreclosure) .
- Northborough has 4 properties advertised (vs 4) as short sales required by lender .
- Northborough “Hot Seller Index”: 76 Last Report: 70
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
Do Good Things Today! Matt Heisler
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
