$8,430 Closing Credit*
$709,900
3,006 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73312994, Andrew Hillman, Listing Office: Hillman Real Estate
Is Northborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Northborough has remained a Seller's Market.
Key Takeaway
Northborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northborough, MA
How much do homes in Northborough, MA cost?
Median Sold Price
$670,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$79,400(+13.4%)
Key Takeaway
Homes in Northborough have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Northborough was $670,000 in October 2024, up 13.4% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.3K | $463.5K | -13.7% |
| 3 Bedrooms | $563.5K | $625K | +10.9% |
| 4 Bedrooms | $837.5K | $775K | -7.5% |
| 5+ Bedrooms | $889K | $852.5K | -4.1% |
Summary: Northborough housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Boylston | $547.5K | $656.7K | +20.0% |
| Northborough | $590.6K | $670K | +13.4% |
| Marlborough | $523K | $566.6K | +8.3% |
| Westborough | $649.9K | $628K | -3.4% |
Housing Supply in Northborough, MA
How many homes are available in Northborough, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -3.8% |
Summary: The Northborough real estate market had 51 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Northborough housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northborough, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Northborough in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Northborough, MA
How long does it take to sell a home in Northborough, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 43 Days | +141.1% |
Summary: Homes in Northborough had an average of 43 days on market in Oct 2024, up by 141.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northborough are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Northborough; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
