The Southborough Homes For Sale Market Report

OK, on to Southborough, moving further East from Shrewsbury's real estate report on the single family sales. Right off the bat, we see a big difference, as Southborough has cooled off noticeably. (That red line headed down? That's the Home Seller Index.) It was quite high in the last report, and there are some pendings, but the fall was not particularly good in Southborough, and that why we have the drop.

 

 

 

Just as a comparison, Southborough has about 9,500 people and has about 48 houses on the market, where Shrewsbury is more than 3x that size, and has just 119, instead of a projected 150. Shrewsbury is really tight!! And Southborough is no joy for buyers either, tying it's low water mark for available houses. Many pendings here too - showing buyers are getting impatient. As well they should - there's not much to buy.

 

Search for Your Next Home or Check out the Competition!

 

What's a buyer to do? 1) Know your real estate market. Know where you want to be and see everything in your home price range. You'll need to make decisions quickly, so do your looking first - and not after - you see a house you like. 2) See everything. So many buyer eliminate houses based on the internet marketing. Big mistake. There's not much to see, so see what you can. 3) Be patient, but not when a new listing comes on. Go, Go, Go. The best ones won't wait for you.

 

What's a seller to do? 1) See what you can. No substitute for first hand knowledge. 2) Get multiple opinions, especially if you're not getting activity (you should be!). 3) Watch your competition. If they are dropping, you'll need to too. You can probably reach, a bit, if you're home is in move-in condition. But home buyers aren't buying willy-nilly - they need to see some value.

 

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

Bow Christmas

Home Buyers bought their

presents already.

 

  • There are 48 homes listed as For Sale.
  • There have been 86 houses sold in the last 6 months, and 32 homes sold in the last 3 months.
  • The Average number of Days on Market was 150 days for just SOLD homes.
  • There is an Average Market Time of 208 days of the homes For Sale (currently for sale).
  • The Dollars paid per Square Foot in Southborough is $199 (vs. $198)
  • There was an Average Sold Price of $507,092 for sold homes.
  • Southborough has 0 properties advertised as lender owned/foreclosure (typically foreclosure) .
  • Southborough has 7 properties advertised as a short-sale is going to be needed by lender .
  • Southborough “Home Seller Index” (HSI):89 Last Report: 108

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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.