$5,936 Closing Credit*
$499,900
1,285 SqFt
3 Beds
•1 Full Bath
#73312623, Marilyn Green, Listing Office: RE/MAX Signature Properties
Is Southborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southborough was a Seller's Market.
Key Takeaway
Southborough is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southborough, MA
How much do homes in Southborough, MA cost?
Median Sold Price
$996,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,000(+7.1%)
Key Takeaway
Homes in Southborough have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Southborough was $996,000 in October 2024, up 7.1% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525.1K | $555K | +5.7% |
| 3 Bedrooms | $654K | $700K | +7.0% |
| 4 Bedrooms | $1.0M | $1.2M | +16.8% |
| 5+ Bedrooms | $1.9M | $1.3M | -31.5% |
Summary: Southborough 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 increased by 5.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $945K | +12.6% |
| Ashland | $580K | $622.5K | +7.3% |
| Southborough | $930K | $996K | +7.1% |
| Westborough | $649.9K | $628K | -3.4% |
Housing Supply in Southborough, MA
How many homes are available in Southborough, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Southborough real estate market had 25 homes for sale in October 2024, a 8.7% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Southborough 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southborough, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Southborough in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | +2.0% |
Summary: Homes in Southborough had an average of 21 days on market in Oct 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southborough are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Southborough; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
