The Northborough Homes For Sale Market Report

I've been saying for a while now that Northborough was an undiscovered bargain. But secrets in real estate don't stay that way for long - and Northborough is having a fine day in the sun.

 

Can’t see the chart? You can find it Here .

The low inventory - and rising prices elsewhere - show that home buyers in Northborough are getting less picky about prices - and starting to get less picky about property. Home buyers aren't losing their minds, but an HSI of 170 - a record - shows that they are getting closer. Prices are up 5% over the last report, no slouch.

What should active home buyers do in Northborough?

Home sellers of desirable properties are pushing prices up -and getting them. Be prepared to pay more for the same house than you would last year. Homes that need work, or otherwise have issues, will still have a few that make a great deal of sense - if you want to do the work.

 

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Northborough ?

The spring may be over, but certain price ranges are still flush with buyers. If you have the right house, prices have never been better, as we have broken the $200/sq foot barrier. Young homes in neighborhoods are fetching very good prices - and they don't need to be perfect. At some point, there will be more sellers, but that time hasn't come yet.

 

Northborough Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Northborough‘s “Home Seller Index” (HSI): 170 Last Report:163
  • There are 38 homes listed as For Sale.
  • There have been 95 houses sold in the last 6 months, and 77 homes sold in the last 3 months in Northborough.
  • The Average number of Days on Market was 42 days for just SOLD homes.
  • There is an Average Market Time of 127 days of the Northborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $202 (vs. $190 in the last report)
  • Current sellers are looking for $ 197 /sq. foot
  • There was an Average Sold Price of $391,720 for sold homes.
  • Northborough, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

 

 

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends.

*That means you won’t find it anywhere else. Take that, Case-Schilling!.

 

Don’t Go Just Yet! More Information for you…

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.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.