Overview of the Northborough Housing Market

This is a modestly improved report for Northborough. We see the HSI jumping 6 to 82, putting Northborough firmly in a neutral market. Sales are happening quicker, transactions faster, and $/sq foot is down marginally, but mostly stable. Buyers will have better selection in Northborough than some other towns, but the best properties are still moving quickly. Sellers need to make sure their properties are well positioned, and should do their best to make sure they are staged and fixed for buyers who remain picky.

 

Find Your Next Home or Check out the Competition!

 

Modest improvement in the banked owned properties picture, as we see that foreclosures are dropping noticably, and short-sales are down as well, but not as much. Still about 10% of the inventory, but it's moving.

 

Northborough Real Estate For Sale and Sold Market Statistics - Raw MLS Data

 

Paintbrushes for Painting in Northborough

Painting is a good way to enhance a property for sale

 

  • There are 93 homes (vs. 69 in the last Northborough Home Sales Report) listed as For Sale.
  • There have been 80 houses sold (vs. 66) in the last 6 months, and 53 homes sold (vs. 38) in the last 3 months.
  • There was an Average Market Time of 120 days for just SOLD homes.
  • There is an Average Market Time of 113 days of the homes For Sale.
  • The Dollars paid per Square Foot in Northborough is $171 (vs. $173)
  • There was an Average Sold Price of $366,871 for sold homes.
  • Northborough has 1 properties (vs. 4) advertised as lender owned/foreclosure (typically foreclosure) .
  • Northborough has 6 properties (vs. 5) advertised as short sale is going to be needed by lender .
  • Northborough “Hot Seller Index” (HSI): 82 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.