The Shrewsbury Homes For Sale Market Report

 

Another strong report for Metrowest home sellers. Unlike past springs, we've really seen strong numbers across the whole region, as buyers are pushing west, north, south to both find selection and values that they embrace. Shrewsbury continues that trend. Shrewsbury had enjoyed a good run early when the market turned, but lately had moderated slightly over the past year, and bordered on slumping. As shown in the chart below, numbers in the 70's are not exactly great markets for sellers.

 

 

Can't see the chart? Click here.

 

But the buyers returned this spring, and bought a great many homes in the late spring. The HSI only jumped to 90, which is good, but not great, so I'm not surprised to see that prices really didn't move much - typically, we've seen that only occur for sustained housing demand in this market - but this is certainly not pointing to an easy fall for buyers. Easier, perhaps, than some other markets, but not easy. In fact, the number of homes in pending could easily see the market tighten further - if sellers don't come this fall.

 

 

 

Shrewsbury Real Estate For Sale and Sold Market Statistics - Raw MLS Data

 

  • There are 173 homes listed as For Sale.
  • There have been 213 houses sold in the last 6 months, and 139 homes sold in the last 3 months.
  • There was an Average Market Time of 114 days for just SOLD homes.
  • There is an Average Market Time of 153 days of the homes For Sale.
  • The Dollars paid per Square Foot in Shrewsbury, MA is $171 (vs. $168)
  • There was an Average Sold Price of $381,243 for sold homes.
  • Shrewsbury has 5 properties (vs. 5) advertised as lender owned/foreclosure (typically foreclosure) .
  • Shrewsbury has 17 properties (vs. 14) advertised as a short-sale is going to be needed by lender .
  • Shrewsbury “Hot Seller Index” (HSI): 90 Last Report: 77

 

 

 

Find Your Next Home or Check out the Competition! 

 

 

*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.