Is Boxborough, 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, Boxborough has remained a Seller's Market.
Key Takeaway
Boxborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boxborough, MA
How much do homes in Boxborough, MA cost?
Median Sold Price
$650,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boxborough have sold for 36.8% more than they did a year ago.
Summary: The median home sold price in Boxborough was $650,000 in May 2024, up 36.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175.5K | $201.5K | +14.8% |
| 2 Bedrooms | $247K | $463K | +87.4% |
| 3 Bedrooms | $700K | $735K | +5.0% |
| 4 Bedrooms | $935K | $917K | -1.9% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Boxborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 87.4%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boxborough | $475.2K | $650K | +36.8% |
| Acton | $706.2K | $820K | +16.1% |
| Harvard | $851K | $950K | +11.6% |
| Littleton | $711.2K | $720K | +1.2% |
Housing Supply in Boxborough, MA
How many homes are available in Boxborough, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 22 | +100.0% |
Summary: The Boxborough real estate market had 22 homes for sale in May 2024, a 100.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Boxborough 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 166.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boxborough, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Boxborough in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Boxborough, MA
How long does it take to sell a home in Boxborough, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 9 Days | +0.5% |
Summary: Homes in Boxborough had an average of 9 days on market in May 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boxborough are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Boxborough; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
