$9,049 Closing Credit*
$762,000
2,100 SqFt
2 Beds
•3 Full Baths, 1 Partial
#73320091, William Gath, Listing Office: Realty Executives Boston West
Is Southborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Southborough was a Buyer's Market.
Key Takeaway
Southborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southborough, MA
How much do homes in Southborough, MA cost?
Median Sold Price
$980,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+3.2%)
Key Takeaway
Homes in Southborough have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Southborough was $980,000 in November 2024, up 3.2% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525.2K | $547.2K | +4.2% |
| 3 Bedrooms | $666K | $717.5K | +7.7% |
| 4 Bedrooms | $1.2M | $1.1M | -8.3% |
| 5+ Bedrooms | $1.8M | $1.3M | -26.5% |
Summary: Southborough housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $947.5K | +12.9% |
| Ashland | $596.1K | $620K | +4.0% |
| Southborough | $950K | $980K | +3.2% |
| Westborough | $665K | $632.5K | -4.9% |
Housing Supply in Southborough, MA
How many homes are available in Southborough, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Southborough real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Southborough housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southborough, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Southborough in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Southborough, MA
How long does it take to sell a home in Southborough, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 50 Days | +257.7% |
Summary: Homes in Southborough had an average of 50 days on market in Nov 2024, up by 257.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southborough are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Southborough; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
