$7,066 Closing Credit*
$595,000
1,426 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73314133, Matt Palmer, Listing Office: Summit Residential
Is Westborough, 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, Westborough has remained a Seller's Market.
Key Takeaway
Westborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westborough, MA
How much do homes in Westborough, MA cost?
Median Sold Price
$628,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,900(-3.4%)
Key Takeaway
Homes in Westborough have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Westborough was $628,000 in October 2024, down 3.4% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $418.6K | +4.7% |
| 2 Bedrooms | $507.9K | $560K | +10.2% |
| 3 Bedrooms | $605K | $626K | +3.5% |
| 4 Bedrooms | $922K | $980K | +6.3% |
| 5+ Bedrooms | $1.1M | $875K | -26.0% |
Summary: Westborough housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
| North Grafton | $480K | $550K | +14.6% |
| Northborough | $590.6K | $670K | +13.4% |
| Hopkinton | $839K | $945K | +12.6% |
| Southborough | $930K | $996K | +7.1% |
| Westborough | $649.9K | $628K | -3.4% |
Housing Supply in Westborough, MA
How many homes are available in Westborough, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 46 | -2.1% |
Summary: The Westborough real estate market had 46 homes for sale in October 2024, a 2.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Westborough 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 36.4%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westborough, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Westborough in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Westborough, MA
How long does it take to sell a home in Westborough, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -8.8% |
Summary: Homes in Westborough had an average of 26 days on market in Oct 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westborough are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Westborough; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
