$5,344 Closing Credit*
$450,000
1,388 SqFt
3 Beds
•2 Full Baths
#73312299, Joseph Provost, Listing Office: The Pros Real Estate Services
Is Shrewsbury, 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, 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
$625,833
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,333(+7.3%)
Key Takeaway
Homes in Shrewsbury have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Shrewsbury was $625,833 in October 2024, up 7.3% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $264K | +17.3% |
| 2 Bedrooms | $430K | $461K | +7.2% |
| 3 Bedrooms | $557.5K | $574.9K | +3.1% |
| 4 Bedrooms | $789.5K | $847K | +7.3% |
| 5+ Bedrooms | $850K | $1.0M | +23.5% |
Summary: Shrewsbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Boylston | $547.5K | $656.7K | +20.0% |
| North Grafton | $480K | $550K | +14.6% |
| Northborough | $590.6K | $670K | +13.4% |
| Shrewsbury | $583.5K | $625.8K | +7.3% |
| Worcester | $409.9K | $440K | +7.3% |
Housing Supply in Shrewsbury, MA
How many homes are available in Shrewsbury, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 114 | +5.6% |
Summary: The Shrewsbury real estate market had 114 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Shrewsbury 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 decreased by 8.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Shrewsbury in October 2024, down by 19.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -15.5% |
Summary: Homes in Shrewsbury had an average of 26 days on market in Oct 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 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 October 2024, 25 homes were sold in Shrewsbury; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
