Is Sturbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sturbridge has remained a Seller's Market.
Key Takeaway
Sturbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sturbridge, MA
How much do homes in Sturbridge, MA cost?
Median Sold Price
$454,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sturbridge have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Sturbridge was $454,500 in May 2024, up 4.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $249.9K | -7.4% |
| 2 Bedrooms | $342.5K | $325K | -5.1% |
| 3 Bedrooms | $412.5K | $438.5K | +6.3% |
| 4 Bedrooms | $516K | $555K | +7.6% |
| 5+ Bedrooms | $520K | $662.5K | +27.4% |
Summary: Sturbridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Fiskdale | $405K | $490K | +21.0% |
| Southbridge | $330K | $355K | +7.6% |
| Southbridge Town | $330K | $355K | +7.6% |
| Sturbridge | $435K | $454.5K | +4.5% |
| Holland | $335K | $314.9K | -6.0% |
Housing Supply in Sturbridge, MA
How many homes are available in Sturbridge, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Summary: The Sturbridge real estate market had 35 homes for sale in May 2024, a 45.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Sturbridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sturbridge, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sturbridge in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Sturbridge, MA
How long does it take to sell a home in Sturbridge, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 11 Days | -41.1% |
Summary: Homes in Sturbridge had an average of 11 days on market in May 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sturbridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Sturbridge; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
