Is Shrewsbury, 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, Shrewsbury has remained a Seller's Market.
Key Takeaway
Shrewsbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shrewsbury, MA
How much do homes in Shrewsbury, MA cost?
Median Sold Price
$610,833
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shrewsbury have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Shrewsbury was $610,833 in May 2024, up 11.1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $250K | +28.2% |
| 2 Bedrooms | $406K | $457K | +12.6% |
| 3 Bedrooms | $510K | $552.1K | +8.3% |
| 4 Bedrooms | $770K | $838K | +8.8% |
| 5+ Bedrooms | $850K | $975K | +14.7% |
Summary: Shrewsbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Boylston | $529K | $650K | +22.9% |
| North Grafton | $450K | $542.5K | +20.6% |
| Shrewsbury | $550K | $610.8K | +11.1% |
| Northborough | $600K | $662.5K | +10.4% |
| Worcester | $395K | $425K | +7.6% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 124 | +18.1% |
Summary: The Shrewsbury real estate market had 124 homes for sale in May 2024, a 18.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 27 | 38 | +40.7% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Shrewsbury 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 42.1%, 3 bedroom homes increased by 40.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Shrewsbury in May 2024, up by 9.4% month-over-month. Of the 35 sold homes, 17% were sold under asking, 11% were sold at asking, and 71% were sold over asking.
Days on Market for Shrewsbury, MA
How long does it take to sell a home in Shrewsbury, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +4.9% |
Summary: Homes in Shrewsbury had an average of 28 days on market in May 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shrewsbury are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Shrewsbury; 86% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
