Homes For Sale in Sudbury Market Report

Here we have another chart for Sudbury. And it looks good for sellers. In fact, the HSI has hit a record for Sudbury, at 123, beating handily the next highest market at just over 100. The crazy thing is, at 123, Sudbury is actually one of the softer markets I'm covering.

 

 

Note: The chart above updates automatically with each new real estate market post, so make sure the comments you are reading line up with the time the post was published.

Prices are up - but not by the same amount as other towns. Hey, wait a second, am I saying that prices in Sudbury aren't moving up as fast as the other towns? Yes, that's what I'm saying. In fact, Sudbury prices already made their move. They are up similar to other towns - they are up 7% or so in 18 months - but they are trailing the prices increases in many other towns we've seen this spring.

 

Find Your Next Home or Check out the Competition!

 

How is this possible? It is a very common misconception that the "better" towns move up faster or more than the "other" towns. It's not true; in real estate, a rising tide lifts all boats. Now it doesn't raise them all at the same time - there are laggards and front runners. Sudbury is often a front runner, and it was last year. But now the value is to be found elsewhere, so Sudbury is lagging while the others catch up. That's how it works people! If you're switching towns, ideally you want to be selling when your town is peaking and the town your moving to is lagging - and there are always laggards.  Natick for example, has been a huge front runner - and I've been warning buyers that the chance for a stall or even a decline in that market is highly likely.  Northborough is a laggard - the prices there are too low relative to what you get.

 

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

 

  • Sudbury “Home Seller Index” (HSI):123 Last Report:88
  • There are 82 homes listed as For Sale in Sudbury .

    Sudbury Prices are Up, but Home Buyers

    will find they Are not Exploding.
  • There have been 173 houses sold in the last 6 months, and 129 homes sold in the last 3 months.
  • The Average number of Days on Market was 96 days for just SOLD homes.
  • There is an Average Market Time of 134 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $231 (vs. $229 )
  • There was an Average Sold Price of $726,570 for sold homes.
  • Sudbury ,MA, has 1 properties (vs. 0 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Sudbury has 0 properties (vs. 0) 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. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

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.