$10,000 Closing Credit*
$1,425,000
3,444 SqFt
5 Beds
•2 Full Baths, 1 Partial
#73322809, Susan McPherson, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Sherborn, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Sherborn has remained a Seller's Market.
Key Takeaway
Sherborn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherborn, MA
How much do homes in Sherborn, MA cost?
Median Sold Price
$1,300,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$120,000(+10.2%)
Key Takeaway
Homes in Sherborn have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Sherborn was $1,300,000 in December 2024, up 10.2% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $912K | $865K | -5.2% |
| 3 Bedrooms | $843.5K | $992.5K | +17.7% |
| 4 Bedrooms | $1.2M | $1.3M | +3.1% |
| 5+ Bedrooms | $1.6M | $1.9M | +21.9% |
Summary: Sherborn housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in Sherborn, MA
How many homes are available in Sherborn, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Summary: The Sherborn real estate market had 10 homes for sale in December 2024, a 41.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Sherborn housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherborn, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Sherborn in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Sherborn, MA
How long does it take to sell a home in Sherborn, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +61.2% |
Summary: Homes in Sherborn had an average of 39 days on market in Dec 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sherborn are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Sherborn; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
