Homes For Sale in Sudbury Market Report

Just when I think I've got it all figured it out, I get tossed a curveball and go flailing at it.

 

Nice curve Sudbury.

 

After posting a hum-drum report in Shrewsbury that re-enforced the emerging trend, what do we see here? Unbridled optimism by the buyers.

 

Things to note:

-Sudbury posted the highest HSI ever on the blog, at 144. That includes all of last year.

-Sudbury prices jumped 5% in four months. HOLY COW. Especially since everyone else is holding steady or going back. Even Natick didn't move very much.

-Inventory is actually UP, and still the HSI jumped, as buyers have been snapping up everything.

-The days on market for Active properties is the lowest I've seen in Sudbury.

 

 

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

So, WOW Sudbury. Now we must answer: Why?

 

Well, I think the answer is actually pretty simple. Sudbury prices hadn't moved as much as everyone else, so they were a comparative value. It happens all the time and that's why I spend so much time looking at each market individually. The real surprise is why it hadn't happened sooner.

What should home buyers do in Sudbury?

Home buyers who abandoned Natick or Wellesley due to high prices or no inventory should be careful about Sudbury. You just missed a good chance there, and I don't think prices can keep running like this. You're apt to make a mistake in a market this hot, but it's up to you. My advice? Look westward. If you are committed to Sudbury though, look for the properties that need work and aren't attracting as much attention. There could be some fair prices to be paid there. Be cautious though, in a market like this, even those properties are going for top prices.

 

What should home sellers do in Sudbury?

Time to get out there sellers! Get your price opinions and hit the market fast, before the enthusiasm dries up. It's the best time in years to list.

Find Your Next Home or Check out the Competition!

 

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

 

  • Sudbury‘s “Home Seller Index” (HSI): 144 Last Report: 124
  • There are 59 homes listed as For Sale.

    The home buyers are here, and

    they are knocking on doors in Sudbury
  • There have been 156 houses sold in the last 6 months, and 138 homes sold in the last 3 months in Sudbury.
  • The Average number of Days on Market was 92 days for just SOLD homes.
  • There is an Average Market Time of 120 days of the Sudbury homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $251 (vs. $239)
  • There was an Average Sold Price of $692,299 for sold homes.
  • Sudbury, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

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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.

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