The Northborough Homes For Sale Market Report

Northborough checks in with its highest HSI ever in this report.  Prices are on the move too, as Buyers discover the great value in Northborough.  Sellers were very optimistic in February, but they came down to meet the market when push came to shove.

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

What should active home buyers do in Northborough ?

Home buyers will find the inventory thin, and things are moving quickly.  But compared to some towns in the area, Northborough is not as tough in some other towns.  Buyers should stay aggressive, and recognize that with prices on the move, todays market properties could look cheap next spring.  It's likely sellers will again ask for premiums, but right now, sellers are accommodating current price levels. 

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What should potential home sellers do in Northborough ?

Home sellers should make sure their property shows its best - and not reach too far above market levels.  With inventories thin, the right buyer might be willing to pay a steeper premium for a property that looks sharp and meets expectations.  Even if that is hard, properties of all types are getting traffic and bids, so it's good for sellers.

Northborough Houses For Sale and Sold Market Statistics - MLS Data

  • The Northborough “Home Seller Index” (HSI): 191 Last Report:167
  • There are 34 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 130 houses sold, and X homes sold in the last 3 months in Northborough.
  • The Average number of Days on Market was 92 days for recently SOLD homes.
  • There is an Average Market Time of 53 days of the Northborough homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged $206 (vs. $199 in the last report)
  • Current home sellers are looking for $ 199 /sq. foot
  • There was an Average Sold Price of $447,807 .
  • Northborough , MA, has 1 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!.

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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.