The Sudbury Homes For Sale Market Report

Sudbury prices have pushed ahead - but I wonder if after the spring data if price stability is in the cards. Can you see why I might say that?

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

It's because inventory is rising at a surprising rate. At some point, no matter the town, rising inventories generally have impacts on the prices that home sellers can get. The interesting thing here though, that we've seen in other towns, is that the luxury segment is the one that is stalling. In Sudbury, only 29 of the 80 properties on the market are under 800K, so a stunning 51 out of 80 are over that mark. A little less than half the market is over a million. This market is now very competitive, and homes in this segment that need work are going to need to make serious price adjustments to move. Not just in Sudbury - but in other locals as well.

 

What should active home buyers do in Sudbury?

Home buyers under 800K should recognize that the market is moving extremely fast. Prices are moving up quickly, and inventory of these homes remains scarce. Above 1M, there are far more choices- and the buyer can be more discerning. Luxury buyers should be aware about capital improvements in these larger homes, and be aware of the costs that can quickly add on to the purchase price. A/C, roofs, septic systems, exterior painting, windows all should be evaluated with competitive properties. A home that looks cheap on paper, might be quite expensive, as capital expense grow with the home.

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Sudbury ?

If you are under 800K, the demand will help you get sold. Virtually all property can be sold in this price range. Above 1M, 1.2M, you should validate that you know your competition - and where you stack up. Not just in Sudbury, but surrounding towns as well. This glut may get worse, before it gets better, as we are seeing it in multiple locations at this juncture.

 

 

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

 

  • Sudbury‘s “Home Seller Index” (HSI):156 Last Report: 129
  • There are 80 homes listed as For Sale.
  • There have been 186 houses sold in the last 6 months, and 148 homes sold in the last 3 months in Sudbury.
  • The Average number of Days on Market was 49 days for just SOLD homes.
  • There is an Average Market Time of 97 days of the Sudbury homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $253 (vs. $239 in the last report)
  • Current sellers are looking for $ 270 /sq foot
  • There was an Average Sold Price of$762,275 for sold homes.
  • Sudbury, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 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.