The Northborough Homes For Sale Market Report
Northborough prices have firmed, but we are starting to see a homes for sale inventory build. Will it be enough to pull prices down? Probably not, as the good stuff is under pressure, with sales times of just 37 days on market.
Can’t see the chart? You can find it Here .
What should active home buyers do in Northborough?
This is one market that hasn't gotten too far ahead of itself. Home sellers are asking more $ than the recent past sales, but not so much where it looks odd. A typical amount of reaching. Buyers will find some price ranges very thin with choices, but others will have good choices and prices that could look good in a few months.
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What should potential home sellers do in Northborough?
Home sellers look to be making some good choices right now. Not overreaching, and listing close enough where buyers can make decisions. All home sellers should be very aware of their micro market, as the level of competition in there market is a big indicator of how aggressive they can be.
Northborough Houses For Sale and Sold Market Statistics - Raw MLS Data
- Northborough‘s “Home Seller Index” (HSI):158 Last Report: 170
- There are 57 homes listed as For Sale.
- There have been 114 houses sold in the last 6 months, and 74 homes sold in the last 3 months in Northborough.
- The Average number of Days on Market was 37 days for just SOLD homes.
- There is an Average Market Time of 140 days of the Northborough homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $200 (vs. 202 in the last report)
- Current sellers are looking for $210 /sq foot
- There were 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
- There are 3 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…
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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.
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
