Homes For Sale in Southboro Market Report

As we look in the middle of our area, we take a glance at Southborough. Southborough is small, and not always representative, but is one of the reports I tend to scrutinize closer. As the most eastern "Worcester County" town, it can be a hallmark of how things are going to go around 495 and west. Let's take a look.

 

Active properties fall to the lowest level in two years, putting a crimp in

transaction volume.

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

Right off the bat, I notice one of the lower HSI's that we've seen in this round of reports. At 105, Southborough looks positively pedestrian compared to Natick's 300. Prices are

Search for Your Next Home or Check out the Competition!

still rising though, and rising prices through the fall typical indicates that there are certainly price pressures in Southborough. Really, the days on market for the active properties is very short, just 136 days, showing that the sellers are under very little pressure to cut prices.

 

I think on balance, even though the HSI is lower, Southborough still looks like a very difficult market for buyers - and a very favorable one for sellers. One of the trends that Southborough does mirror is the inventory line - it is at the lowest data point since we've been tracking.

 

 

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

 

  • Southboro‘s “Home Seller Index” (HSI):105 Last Report: 127
  • There are 31 homes listed as For Sale.

    Pressure on real estate home prices and

    home buyers remains in Southborough
  • There have been 56 houses sold in the last 6 months, and 28 homes sold in the last 3 months in Southboro.
  • The Average number of Days on Market was 96 days for just SOLD homes.
  • There is an Average Market Time of 136 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $220 (vs. $217 )
  • There was an Average Sold Price of $597,006 for sold homes.
  • Southboro,MA, has 0 properties (vs. 0 in the last report) advertised as lender owned or foreclosure (typically foreclosure) .
  • Southboro has 0 properties (vs. 1) advertised as a short-sale is going to be needed by lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

More Great Reads!

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.

Do Good Things Today! Matt Heisler

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