• Sudbury has 113  homes (vs. 85 in the last Sudbury Home Sales Report) listed as Active.
  • Sudbury had 91  houses sold (vs. 92) in the last 6 months, and 28  homes sold in the last 3 months.
  • Sudbury has an Average Market Time of 153 days for SOLD  homes.
  • Sudbury   has an Average Market Time of 198 days (vs. 245)  for ACTIVE homes.
  • Sudbury has an Average Sold Price of $675,124 for sold homes.
  • Sudbury has 3 properties (vs. 5) advertised as lender owned (typically foreclosure) .
  • Sudbury has 5 properties (vs. 4) advertised as short sales required by lender .

 

*All statistics are for Single Family Homes.

 

Wondering about my Market Methodology?  Read  my Explanation for Massachusetts Home Statistics. 

 

Analysis of Housing Market Statistics

Sudbury, Massachusetts:  Well, the sellers have returned to Sudbury.  Some interesting notes:  The days on market for Active homes dropped, but that's primarily because 30 new houses - almost 25% of the market - has come on since the last report, so it's not all that positive a development.  That number is projected (by me), to grow.  Market time for Solds was basically unchanged.  The new inventory has really flooded the top end, probably with numerous sellers who are going to sit and wait for a buyer.  If they don't that's really good news for Sudbury and the rest of Metrowest.  Even though the average sales price is in the mid 600's, over half the Sudbury inventory is above 850K.  That looks like too much inventory to be competitive for sellers in that segment even going into the spring. That means that buyers should have good selection, but should be wary about pricing, as it is likely price reductions are in order for more than a few homes in that segment.  If you're thinking about bargain hunting in Sudbury, well the news is not so good.  Under 650K, the active market time is under 140 days, and the Solds are under 100 days, with sales outpacing actives 4:3.  That is a very, very tight market, and buyers will need to move fast and know what they want to be successful.





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Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.