Is Westborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$649,900
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westborough have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Westborough was $649,900 in April 2024, down 1.5% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $379.1K | $404.4K | +6.7% |
| 2 Bedrooms | $475K | $526.1K | +10.8% |
| 3 Bedrooms | $566K | $625K | +10.4% |
| 4 Bedrooms | $837.5K | $965K | +15.2% |
| 5+ Bedrooms | $875K | $937K | +7.1% |
Summary: Westborough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Northborough | $583K | $655K | +12.3% |
| Hopkinton | $820.2K | $884K | +7.8% |
| Southborough | $910K | $940K | +3.3% |
| Westborough | $660K | $649.9K | -1.5% |
Housing Supply in Westborough, MA
How many homes are available in Westborough, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Summary: The Westborough real estate market had 44 homes for sale in April 2024, a 6.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Westborough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westborough, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Westborough in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +47.1% |
Summary: Homes in Westborough had an average of 36 days on market in Apr 2024, up by 47.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were 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 April 2024, 10 homes were sold in Westborough; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
