Overview of the Sudbury, MA Housing Market

OK, so how are we doing on the prediction front? In the last report, I predicted an Seller Index in the 70's, which we did get here at 76. It'll jump again in the next report to the 80's, as about 25% of the market is pending and will flow through the numbers in the next report. Also I've noted that I expect to see $/sq foot rising, as the spring sales numbers come in, and we see that here as well, moving $4/ sq foot. The average sold price is up almost 20%, but as noted - average sales price and median sales prices are poor indicators of value on a per town basis. (That's why I talk about them so little). Still, it's not really a great report. Market time is still quite high, and I think we see some folks reaching in Sudbury - and not getting what they want. They must be going to Natick!

 

 

No shadow-inventory to report here. Short-sales and foreclosures are steady, and represent a small segment of the market. Relative to other towns, Sudbury has been doing just fine in this area.

 

Sudbury, MA Real Estate For Sale and Sold Market Statistics - Raw MLS Data

 

 

Flower and Home Sellers bloomed since the last report, but I bet we'll see inventory wind down from here.

 

• There are 168 homes (vs. 118 in the last Sudbury home sales report) listed as For Sale.
• There have been 117 houses sold (vs. 84) in the last 6 months, and 87 homes sold (vs. 40) in the last 3 months. 
• There was an Average Market Time of 154 days (vs. 150) for just SOLD homes.
• There is an Average Market Time of 133 days of the homes For Sale.
• The Dollars paid per Square Foot in Sudbury is $217 (vs. $213 )
• There was an Average Sold Price of $673,047 for sold homes.
• Sudbury has 3 properties (vs 2) advertised as lender owned/foreclosure (typically foreclosure) .
• Sudbury has 4 properties (vs. 4) advertised as a shortsale is going to be needed by lender .
• Sudbury “Hot Seller Index” (HSI): 76 Last Report: 64

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

Read my Explanation for Massachusetts Home Data Reports.

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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.