- Westborough has 56 (vs. 55 in last report on Westborough Home Sales) homes listed as Active
- Westborough had 42 houses (vs. 48) sold in the last 6 months, and 16 homes sold in the last 3 months
- Westborough has an Average Market Time of 148 days (vs. 138) for SOLD homes
- Westborough has an Average Market Time of 178 days for ACTIVE homes
- Westborough has an Average Sold Price of $ 487,694 for sold homes
- Westborough has 4 properties advertised as lender owned (typically foreclosure)
- Westborough has 11 properties advertised as short-sales
Find Your Next Home or Check out the Competition!
Question about the terms used here? Check my Explanation for Massachusetts Home Statistics. All statistics are for Single Family Homes.
Analysis of Westborough Housing Market Statistics
Westborough, Massachusetts: Wow, lots to talk about in this report. At first glance, it looks like a ho-hum move sideways, maybe getting a little quieter, really not much to talk about report. But I also (this time of year) peek at the homes that are pending to see what next month might bring. And here's a stunner: 20% of the Westborough market is already sold. Westborough will probably show up next month with less than 45 houses, and I'm here to tell you, loyal readers, that is out-and-out no inventory for a town of Westborough's size. I hope the snow melts, and sellers show up, but I'm hard pressed to think that's going to happen. Buyers, if Westborough is your first choice, don't sit on the sidelines, get engaged, this market is going to be tough for you, and very competitive. Also shocking, Westborough has 11 short-sales and 4 lender owned properties out of the 56. That's got to be the highest ratio of any towns I'm covering with the new format. But don't expect that to continue, as 6 of those short-sales are already sold (but they'll hang around in the stats for a long time, pushing up market time).
ALL REAL ESTATE IS LOCAL! No matter if your town is HOT or COLD, a real estate agent who knows the market can help you position your home for sale. (That would be me.) For more detailed reporting on home selling, including breakdowns by price range, contact Matt Heisler of Heisler & Mattson directly!
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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 10 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.
