Real Estate Sales for Worcester, MA - Home Sales and Real Estate Market Report (Jul, 2015)

The Worcester Homes For Sale Market Report

Ah, the Worcester Report! When I first started gathering the numbers, I was horrified at the jump in the number of homes for sale - over 400 currently. There haven't been this many homes for sale in Worcester since September of 2012, and so I expected a grim report. But it's not. It's a great report, with maybe a little warning attached.
Can’t see the chart? You can find it Here .
As you can see in the chart, the HSI didn't really move. Also note that the total number of transaction is at an all time high - that's good too. Lastly, down below, you'll see that home sellers are raising prices, they are asking the same thing they were last time. What is interesting is that buyers are paying much, much more. 12% more to be exact. That's a huge jump in prices in a very short period of time. When that happens, it means that a lot of houses are selling quickly, multiple offers, and sellers are getting more optimistic - and that's why there's so many more of them. So that is where we are. What's next?

What should active home buyers do in Worcester?

Home buyers should probably be pretty careful. I actually think prices are higher than this report indicates, but I think they'll be coming down soon. 12% (or more) is a huge jump, and that's hard to sustain. So be picky! And be patient. Don't let the recent buying frenzy influence you.



What should potential home sellers do in Worcester?

I think you may have missed the best market in years, but things are still pretty rosy. If you didn't like the prices the last time you asked, it sure makes sense to ask again. If the last time you got an estimate, they told you $250, they'll probably tell you $275-285. That kinda difference makes people move, and that's why there are so many signs in the ground. Price carefully though, there's more competition than there has been in years.


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


  • Worcester ‘s “Home Seller Index” (HSI):110 Last Report: 114
  • There are 423 homes listed as For Sale.
  • There have been 743 houses sold in the last 6 months, and 557 homes sold in the last 3 months in Worcester.
    Home owners in Worcester have made some serious
    coin this year.
  • The Average number of Days on Market was 49 days for just SOLD homes.
  • There is an Average Market Time of 101 days of the Worcester homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $140 (vs. $125 in the last report)
  • Current sellers are looking for $ 143 /sq foot
  • There was an Average Sold Price of $203,787 for sold homes.
  • Worcester, MA, has 17 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 25 properties advertised as a short-sale is going to be needed by the lender.


All raw data 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 Westborough, MA - Home Sales and Real Estate Market Report (Jul, 2015)

The Westborough Homes For Sale Market Report

Westborough checks in with a bunch of encouraging sales data - yet the HSI is actually down, to 121. What happened?
Can’t see the chart? You can find it Here .
Even though market time is way down, and transactions are up, the number of homes for sale has risen sharply, as the buyers are taking a break right now. There's a lot fewer houses coming on, and I think the buyers will return, but right now - things are sitting a little bit. How long remains a mystery.

What should active home buyers do in Westborough?

Don't get complacent. Just because things aren't crazy, doesn't mean attractive and well priced homes are sitting around. Instead of selling in hours, they are selling in days, so you still can't go on vacation. Things could get more hectic as we go along, but right now it's quieter. For homes that have been sitting, but are too high, it's a good time to break out the pencil sharpener.

What should potential home sellers do in Westborough?

Good news for sellers, home prices are at a record! Bad news for sellers - competition is building. Right now, competition is still light (anything under 100 homes is light). But it's higher, and buyers have been very picky this year. Make sure your home is ready, when the buyers come back, you'll want to come on.

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


  • Westborough‘s “Home Seller Index” (HSI):121 Last Report: 156
  • There are 65 homes listed as For Sale.
    The force may be powerful
    but it's not a good way to
    find a house.
  • There have been 118 houses sold in the last 6 months, and 105 homes sold in the last 3 months in Westborough.
  • The Average number of Days on Market was 36 days for just SOLD homes.
  • There is an Average Market Time of 83 days of the Westborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $205 (vs. 198 in the last report)
  • Current sellers are looking for $ 215 /sq foot
  • There was an Average Sold Price of $492,334 for sold homes.
  • Westborough, MA, has 3 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 raw data 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 (Jul, 2015)

The Upton Homes For Sale Market Report

Nestled just outside I-495, Upton often gets overlooked, but as prices have moved up steadily in surrounding towns, buyers are finding - and liking - the value in Upton. At first glance, it looks like the market is cooling off, but homes for sale is just coming off an extremely low number, that goosed the HSI in the last report.
Can’t see the chart? You can find it Here .
Prices tell the story here - they've moved up - but they are still behind where they were last year. It's not easy to see why, but Upton is a small town with a small data set, so the numbers don't always tell the complete story.

What should active home buyers do in Upton?

If you can find something in Upton, and you might, make sure you check the valuation. While sellers aren't overly optimistic, on average, a few are trying to stretch prices. This market isn't quite hot enough to do that, and although the sellers haven't been sitting around very long, in a couple of months were likely to see quite a few price changes.


What should potential home sellers do in Upton?

Home sellers should recognize that reaching for a price at this time in the market cycle is likely a mistake. There's not enough pressure or traffic to do that. When the buyers come back, they will be choosing best available, and you'll need to be the best available when that happens. Position yourself to today's market - not last months.


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


  • Upton‘s “Home Seller Index” (HSI):116 Last Report:151
  • There are 34  homes listed as For Sale.
  • There have been 67  houses sold in the last 6 months, and 49  homes sold in the last 3 months in Upton.
  • The Average number of Days on Market was 69 days for just SOLD homes.
  • There is an Average Market Time of 90days of the Upton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $165   (vs. $161    in the last report)
  • Current sellers are looking for $ 186   /sq foot
  • There was an Average Sold Price of $424,411 for sold homes.
  • Upton, 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 raw data 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 Sutton, MA - Home Sales and Real Estate Market Report (Jul, 2015)

The Sutton Homes For Sale Market Report

The Sutton market remains strong, but we see here also a normalization of the number of homes for sale. There are a lot of new sellers - and they aren't being shy about asking prices, with a 15% premium over the sales we know about so far. Should be interesting to see how the July sales close that gap.
Can’t see the chart? You can find it Here.
The big surprise in all these reports is about 80 of the transactions were in the last 3 months. I can't ever remember that happening before. It was a short, very active spring. But things have settled out a lot.

What should active home buyers do in Sutton ?

Home buyers in Sutton will have some choices - more than usual anyway - but the prices on these homes will be higher. With the average home seller only on the market for 100 days, their motivation to start cutting prices hasn't really kicked in yet. Time will tell if the home sellers cut prices or withdraw. Buyers should be patient, or at least drive some hard(er) bargains.  There won't be any fire sales in Sutton, but there will be some sellers more motivated than others.
Find Your Next Home or Check out the Competition!

What should potential home sellers do in Sutton ?

Home sellers need to re-evaluate their prices and make sure they are in-line with recent sales. Many of the current ones are asking too much, and new entrants will likely undercut your current prices. The market is good - but the buyers aren't chasing properties yet, and likely won't this summer.

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


  • Sutton ‘s “Home Seller Index” (HSI):133 Last Report: 132
  • There are 43 homes listed as For Sale.
  • There have been 82 houses sold in the last 6 months, and 63 homes sold in the last 3 months in Sutton .
  • The Average number of Days on Market was 61 days for just SOLD homes.
  • There is an Average Market Time of 105 days of the Sutton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $166 (vs. $170 in the last report)
  • Current sellers are looking for $ 191 /sq foot
  • There was an Average Sold Price of $412,630 for sold homes.
  • Sutton, MA, has 1 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 raw data 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