Homes For Sale in Westborough Market Report

Westborough has seen the number of homes for sale more than double since the last report; and the HSI has fallen 60 points from it's peak. Does that mean all is lost for home sellers in Westborough? Do good deals abound for home buyers? Uh, not exactly.

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

Yes, the HSI has taken a steep dive. But it's still at 119, which is not too shabby! Actually, things have been moving aggressively in Westborough, as we see transactions at the third highest level. And then we see this:

 

That's right, prices are up. People are seeing values in Westborough, and they are buying them up. Sellers are even more optimistic, with the active properties on for another 5% above these levels.

 

What should active home buyers do in Westborough?

Looking for a deal in Westborough? Too late. Where you been? Early bird gets the worm and all that. No, you'll have to be a much savvy shopper going forward. The average seller in Westborough has only been on 78 days, and that's not long enough to get anyone to take a low ball bid. Well, probably not anyway.

 

 

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Westborough?

Look at that price chart, dude!! Get out their and sell! Seriously though, if you have a luxury property (better than 800K), and you are thinking 2015 is your year, well, remember rates are going up, and that tends not to bode well for the luxury segment. Might want to try now. For other potential sellers, if you are contemplating a change, time to get out there and see what you can get, market is good!

 

 

Westborough Recent Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Westborough‘s “Home Seller Index” (HSI): 119 Last Report: 154
  • There are 63 homes listed as For Sale.

    Grills aren't the only thing hot in Westborough.

    So are house prices!
  • There have been 114 houses sold in the last 6 months, and 94 homes sold in the last 3 months in Westborough.
  • The Average number of Days on Market was 76 days for just SOLD homes.
  • There is an Average Market Time of 78 days of the Westborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged 196 (vs. 189)
  • There was an Average Sold Price of $476,172 for sold homes.
  • Westborough, 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 statistics 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!).

 

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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.