$10,000 Closing Credit*
$1,199,000
3,474 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73320125, Michael Mathieu, Listing Office: Mathieu Newton Sotheby's International Realty
Is Westborough, 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, 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
$632,500
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$32,500(-4.9%)
Key Takeaway
Homes in Westborough have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Westborough was $632,500 in November 2024, down 4.9% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $401K | $412.2K | +2.8% |
| 2 Bedrooms | $513.4K | $565K | +10.0% |
| 3 Bedrooms | $608.5K | $630K | +3.5% |
| 4 Bedrooms | $950K | $1.0M | +8.7% |
| 5+ Bedrooms | $1.1M | $933K | -19.9% |
Summary: Westborough housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $947.5K | +12.9% |
| Northborough | $621.9K | $680K | +9.3% |
| North Grafton | $506.2K | $545K | +7.7% |
| Southborough | $950K | $980K | +3.2% |
| Westborough | $665K | $632.5K | -4.9% |
Housing Supply in Westborough, MA
How many homes are available in Westborough, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The Westborough real estate market had 38 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Westborough housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westborough, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Westborough in November 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +43.9% |
Summary: Homes in Westborough had an average of 26 days on market in Nov 2024, up by 43.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westborough are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Westborough; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
