Northborough Housing Market Statistics Overview
Northborough is little changed from the last report. Inventory is a shade lighter, but market time is essentially a wash, and transaction volume remains unchanged. That's actually a positive coming out of the toughest months of the year, but Northborough remains a spot to look for values in Metrowest, as more than a few sellers are on for 5 months or more.
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No real change either in the short-sale numbers or the foreclosure numbers. Those homes are rotating over slowly, but don't seem to be picking up steam. "Shadow inventory" remains at bay in Northborough.
Northborough Housing Market Statistics - Raw MLS Data
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Using the force is not a good home selling strategy. |
- There are 69 homes listed (vs. 79 in the last Northborough Real Estate Report) as For Sale.
- There have been 66 houses sold (vs. 65) in the last 6 months, and 38 homes sold in the last 3 months.
- There was an Average Market Time of 127 days for justSOLD homes.
- There is an Average Market Time of 156 days of the homes For Sale.
- The Dollars paid per Square Foot in Northborough is $173 (vs. ) $177
- There was an Average Sold Price of $346,203 for sold homes.
- Northborough has 4 properties (vs. 5) advertised as lender owned/foreclosure (typically foreclosure) .
- Northborough has 5 properties (vs. 4) advertised as short sales required by lender .
- Northborough “Hot Seller Index” (HSI): 76 Last Report: 76
*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.
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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.
