$5,047 Closing Credit*
$425,000
1,208 SqFt
3 Beds
•1 Full Bath
#73320075, Vision Realty Group, Listing Office: LAER Realty Partners
Is Shrewsbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$634,666
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,166(+8.8%)
Key Takeaway
Homes in Shrewsbury have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Shrewsbury was $634,666 in November 2024, up 8.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | $265K | +11.3% |
| 2 Bedrooms | $435K | $465K | +6.9% |
| 3 Bedrooms | $552K | $582K | +5.4% |
| 4 Bedrooms | $789K | $855K | +8.4% |
| 5+ Bedrooms | $850K | $1.0M | +23.5% |
Summary: Shrewsbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Northborough | $621.9K | $680K | +9.3% |
| Shrewsbury | $583.5K | $634.6K | +8.8% |
| North Grafton | $506.2K | $545K | +7.7% |
| Worcester | $415K | $445.9K | +7.5% |
| Boylston | $618K | $656.7K | +6.3% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 100 | -16.7% |
Summary: The Shrewsbury real estate market had 100 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 33 | 27 | -18.2% |
| 4 Bedrooms | 41 | 34 | -17.1% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Shrewsbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 37 | +32.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury, you could pay more than the asking price. 62.2% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Shrewsbury in November 2024, up by 32.1% month-over-month. Of the 37 sold homes, 30% were sold under asking, 8% were sold at asking, and 62% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +59.1% |
Summary: Homes in Shrewsbury had an average of 27 days on market in Nov 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shrewsbury are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Shrewsbury; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
