Real Estate Sales for Westborough, MA - Home Sales and Real Estate Market Report (Mar, 2015)

The Westborough Homes For Sale Market Report

Westborough checks in without too many changes to the last report - but declining inventory levels (homes for sale) are slowing down the transaction volume and putting a drag on the market. Not real news at this point, we're seeing this everywhere, but it's here too.
Can’t see the chart? You can find it Here .
The key note here is that sales in the last 3 months are less than the previous three months. Why? Nothing to buy. It doesn't seem to have impacted prices - yet - but with inventory so low, any buying pressure is going to result in big price moves.


What should active home buyers do in Westborough?

Make sure you've got a good handle on the valuation of homes in Westborough. You're going to see competitive bid situation in many price ranges this spring, and you'll need to know how much you'll be willing to pay. It's entirely possible that there could be a pull back this fall in prices - if rates start to move up - but maybe not, so it's hard to count on that. Prices often continue to move up until rates have risen substantially, and we haven't seen that.


What should potential home sellers do in Westborough?

The home sellers that are out there have raised their expectations. You should too! Prices are headed up. To find out how far you can push your price, give me a shout.



Westborough Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Westborough‘s “Home Seller Index” (HSI): 156 Last Report: 153
  • There are 20 homes listed as For Sale.
  • There have been 80 houses sold in the last 6 months, and 32 homes sold in the last 3 months in Westborough.
  • The Average number of Days on Market was 60 days for just SOLD homes.
  • There is an Average Market Time of 125 days of the Westborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $198 (vs. $200 in the last report)
  • Current sellers are looking for $222 /sq foot
  • There was an Average Sold Price of $442,689 for sold homes.
  • Westborough,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.


*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

Matt’s Got More

Hold on there! Don’t go yet. Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

Other Posts You May Enjoy by Matt the Realtor

Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (Mar, 2015)

The Upton Homes For Sale Market Report

Upton checks in with only 13 homes on the market. Such a small data set means I need to adjust one of the metrics I follow. Not necessarily something I like to do, but in the interest of posterity, I thought it was the best option. But before we look at that, lets take a look at the chart.

Can’t see the chart? You can find it Here .
Not surprisingly, Upton is at a new low for homes on the market. Too low!! Prices have some room to run, I would think, before the spring is over. Remember, Northborough, Grafton, Upton and several other towns are on my value list, and I expect prices to move this spring in all these towns, and perhaps even sharply up.

What should active home buyers do in Upton?

Ugh, we've said this before, but your best option is to probably wait till the spring inventory hits the market. Expand your search area, if possible, but there's virtually no comparison shopping here in Upton.


What should potential home sellers do in Upton ?

If you've got a house that might move quickly, and you're in a price range without competition, let's get ready to move! Many buyers won't be reading this blog, and they'll be all too willing to pay a sharp premium over last years prices. Taking advantage of the market imbalance could be a great way to pay for your moving expenses! An HSI of 151 is very strong - smart sellers will take advantage.


Special note, the asking price in Upton is actually $221/ sq foot. But that's due to one property asking $550 a square foot, as it has multiple lots, and a small house. If you take that property out, the remaining 12 are at 182, which is a more representative measure of Upton home seller optimism. It's a small data set, one outlier has a big effect.


Upton Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Upton ‘s “Home Seller Index” (HSI): 151 Last Report: 91
  • There are 13 homes listed as For Sale.
  • There have been 48 houses sold in the last 6 months, and 30 homes sold in the last 3 months in Upton.
    The stage is set for prices to move up in Upton.
  • The Average number of Days on Market was 99 days for just SOLD homes.
  • There is an Average Market Time of 227 days of the Upton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $161 (vs. $169 in the last report)
  • Current sellers are looking for $ 182 /sq foot
  • There was an Average Sold Price of $362,564 for sold homes.
  • Upton,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.


*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

Realtor Matt's Top Read Real Estate Posts


Real Estate Sales for Sutton, MA - Home Sales and Real Estate Market Report (Mar, 2015)

The Sutton Homes For Sale Market Report


Sutton checks in looking poised to help sellers this Spring. That red line is the HSI, and at 132, shows the market gaining strength.

Can’t see the chart? You can find it Here .
Homes for sale have been trending down, and are at a low point, and transaction volume has been trending up. As we know, those trends can only continue for so long before prices start to respond.

What should active home buyers do in Sutton?

Some price ranges are very thin, and you'll have to wait. Some sellers are asking a lot too, so make sure you're getting fair value.

Find Your Next Home or Check out the Competition!


What should potential home sellers do in Sutton?

Optimism abounds! If you want to sell, this could be the spring to do it. Many sellers are already asking for premium prices, and I think some of them will get them. That could be you too, if you're prepared and marketed appropriately. I know it looks like prices are pulling back, but one or two home sales can push that metric around in a small town like Sutton. Prices are trending up.


Sutton Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Sutton‘s “Home Seller Index” (HSI): 132 Last Report: 115
  • There are 26 homes listed as For Sale.
  • There have been 66 houses sold in the last 6 months, and 31 homes sold in the last 3 months in Sutton.
    Too soon?  Right, too soon.
  • The Average number of Days on Market was 71 days for just SOLD homes.
  • There is an Average Market Time of 147 days of the Sutton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $170 (vs. $179 in the last report)
  • Current sellers are looking for $ 196 /sq foot
  • There was an Average Sold Price of $343,282 for sold homes.
  • Sutton,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties advertised as a short-sale is going to be needed by the lender.


*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

Realtor Matt's Top Read Real Estate Posts


Real Estate Sales for Northbridge, MA - Home Sales and Real Estate Market Report (Mar, 2015)

The Northbridge Homes For Sale Market Report

How did I forget Northbridge? Not sure, but I see I missed it when I went through the N's . Well, here's the chart.
Can’t see the chart? You can find it Here .
Inventory (homes for sale) is down slightly, and even though there's new construction in town, it's selling quicker. It's a hot town for new construction, and there's lots of it - but much of it is not inexpensive anymore, relative to the existing housing stock anyway.

What should active home buyers do in Northbridge ?

Buyers should note that certain price ranges (380-500) are full of choices, and there are some quality values there. Buy now, before the buyers re-discover Northbridge this spring (and they will I bet!) Note in the prices graph below, that current sellers are asking LESS than the sale prices of six months ago. That is very rare and can signal a good buy opportunity.



What should potential home sellers do in Northbridge?

Home sellers need to study the market carefully. Going head to head with new construction should be done cautiously. Now, some prices ranges don't have much competition, so that will make your decision easier. And if it helps, prices continue to climb.



Northbridge Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Northbridge‘s “Home Seller Index” (HSI): 91 Last Report: 110
  • There are 48 homes listed as For Sale.
  • There have been 64 houses sold in the last 6 months, and 30 homes sold in the last 3 months in Northbridge.
    Weather's nicer, but patios are still a mess.
  • The Average number of Days on Market was 88 days for just SOLD homes.
  • There is an Average Market Time of 190 days of the Northbridge homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $165 (vs. $164 in the last report)
  • Current sellers are looking for $ 159 /sq foot
  • There was an Average Sold Price of $320,603 for sold homes.
  • Northbridge,MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 3 properties advertised as a short-sale is going to be needed by the lender.


*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

Realtor Matt's Top Read Real Estate Posts