The Westborough Homes For Sale Market Report

Just looking at the price data, it looks like buyers are getting squeezed in Westborough.  I'm not sure that's entirely accurate, this is either a snap back from an odd downturn, or the down turn was a "data anomaly" and things have really just been pushing higher slow and steady.  How to tell which?  And does it matter?

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

I don't think it matters a lot; but I do think that it's just a bad month of data at that low point.  The reason is that the HSI is actually lower than it was six months ago, and it's only in the 120's.  Really good, but not good enough for a big price spike.  So things are probably just steadily moving up, in tandem with many of the surrounding towns.

 

What should active home buyers do in Westborough ?

As we've noted in many reports, try not to limit yourself to one town.  Also, consider properties that need more work than you'd like - they may be the best deals, with the higher return.  With interest rates headed up, the pricier properties are more at risk of a stall - but I think we are still a bit always from that yet.  Certainly, we need more inventory, and lack of homes for sale inventory is the central issue.

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What should potential home sellers do in Westborough?

Home sellers should probably not reach too high.  You can see in the price chart that on average, sellers are stretching things, but not too far out of the buyers reach.  That keeps the offers coming, and keeps property moving.  Not everyone is getting the memo, as the homes that are still out there are averaging four months.  Four months in this market is an eternity, you really shouldn't be out there that long!  That means your property needs a fix, or a drop in price, or both.

Westborough Houses For Sale and Sold Market Statistics - MLS Data

  • The Westborough “Home Seller Index” (HSI):122  Last Report:146
  • There are 49 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 123 houses sold, and 77 homes sold in the last 3 months in Westborough.
  • The Average number of Days on Market was 41 days for recently SOLD homes.
  • There is an Average Market Time of 129 days of the Westborough homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged $215 (vs.197 in the last report)
  • Current home sellers are looking for $ 219 /sq. foot
  • There was an Average Sold Price of  $541,840 .
  • Westborough , MA, has 0 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!.

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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.