The Northborough Homes For Sale Market Report

 

Well, Northborough has been on my list for those who've struggled to find a house. A normally popular community that was "slumping". Well the slump is over:

 

 

Can't see the chart? Click here

 

Breaking through 100 on the Hot Seller Index means that scarcity rules the day. There's still some options in Northborough, but not as many, and buyers will need to work harder. The good news for buyers is that prices didn't really budge -yet. But as we've seen in other towns, continued scarcity does eventually result in price jumps.

 

Short-sales and foreclosures have a net jump in Northborough, but it's not much. Too much to indicate every seller is doing well, that's for sure.

 

 

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

 

• There are 73 homes listed as For Sale.
• There have been 113 houses sold in the last 6 months, and 77 homes sold in the last 3 months.
• There was an Average Market Time of 115 days for just SOLD homes.

 

• There is an Average Market Time of 149 days of the homes For Sale.
• The Dollars paid per Square Foot in Northborough is $172 (vs. $171 )
• There was an Average Sold Price of $384,803 for sold homes.
• Northborough has 3 properties (vs. 1) advertised as lender owned/foreclosure (typically foreclosure) .
• Northborough has 5 properties (vs. 6) advertised as a short sale is going to be needed by lender .
• Northborough “Hot Seller Index” (HSI): 100 Last Report: 82

 

 

 

 

*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.