The Shrewsbury Homes For Sale Market Report

Shrewsbury tightens up - are prices headed up too? That's the big question we're confronted with with this report. If you look at the chart, there's clearly been momentum all through fall, as inventory has dwindled and sales have continued to climb. This dynamic has pushed the Home Seller Index to a high in Shrewsbury, at 103. The $/sq foot, however, is not climbing, but holding steady, so the question is how long will that be the case?

 

We know that sustained home inventory imbalances lead to price increases (as we've seen throughout Metrowest). So the question is will there be more buyers than sellers as we head to the Spring? Home Buyers in Shrewsbury are already finding it to be, ahem, thin, to say the least, and the actives are at 119 with a bunch of pendings, so it is by far the tightest market I've seen in Shrewsbury since the bubble so long ago. However, as we head to December, we need to remember that

people do pull their homes from the market for the holidays, and some of that is undoubtedly factoring in at this point. Still, my money is on the trend that we see though Metrowest, and the pressure on prices I expect to continue. Buyers need to be quick to new listings - the good ones will not sit in this market.

 

 

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

At least I waited until December to break out the tree pics. Unlike some stores that had trees out before Halloween (Really!)

 

• There are 119 homes listed as For Sale.
• There have been 234 houses sold in the last 6 months, and 114 homes sold in the last 3 months.
• The Average number of Days on Market was 120 days for just SOLD homes.
• There is an Average Market Time of 169 days of the homes For Sale (currently for sale).
• The Dollars paid per Square Foot in Shrewsbury is $170 (vs. $171 )
• There was an Average Sold Price of $391,838 for sold homes.
• Shrewsbury has 5 properties (vs. 5) advertised as lender owned/foreclosure (typically foreclosure) .
• Shrewsbury has 17 properties (vs. 17) advertised as a short-sale is going to be needed by lender .
• Shrewsbury “Home Seller Index” (HSI):103Last Report: 90

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

 

 

Read my Explanation for Massachusetts Home Data Reports.

 

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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.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.