$3,206 Closing Credit*
$270,000
1,008 SqFt
2 Beds
•1 Full Bath
#73319737, Bart Foster, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
Is Southbridge, 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, Southbridge has remained a Seller's Market.
Key Takeaway
Southbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southbridge, MA
How much do homes in Southbridge, MA cost?
Median Sold Price
$362,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,050(+3.7%)
Key Takeaway
Homes in Southbridge have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Southbridge was $362,000 in November 2024, up 3.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $311K | $315K | +1.3% |
| 3 Bedrooms | $342K | $340K | -0.6% |
| 4 Bedrooms | $343.5K | $395K | +15.0% |
| 5+ Bedrooms | $387.5K | $445K | +14.8% |
Summary: Southbridge 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 1.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Dudley | $400K | $435K | +8.8% |
| Sturbridge | $452K | $475K | +5.1% |
| Charlton | $500K | $520K | +4.0% |
| Southbridge | $348.9K | $362K | +3.7% |
| Southbridge Town | $348.9K | $362K | +3.7% |
Housing Supply in Southbridge, MA
How many homes are available in Southbridge, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Summary: The Southbridge real estate market had 49 homes for sale in November 2024, a 7.5% 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 | 12 | 4 | -66.7% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Southbridge 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 decreased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southbridge, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Southbridge in November 2024, down by 37.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Southbridge, MA
How long does it take to sell a home in Southbridge, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +10.1% |
Summary: Homes in Southbridge had an average of 29 days on market in Nov 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southbridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Southbridge; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
