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Shrewsbury MA Real Estate Report for 2016

Shrewsbury MA Real Estate Report for 2016

 

What is happening in the Shrewsbury real estate market? Today I share with you the year-end market statistics for single family homes sold in 2016.  In the data chart below, you will see that in 2016:

 

385 single family homes were sold
Median sale price was $415,000
Average sale price was $453,358
Average days on market were 80
The ratio of sale price to list price was 98%

 

shrewsbury homes sold 2016Data source: MLS PIN

 

How do Shrewsbury homes sales in 2016 compare to 2015? 

shrewsbury homes sold

 

Summary:

The single family home market in Shrewsbury has stabilized. The total number of home sales was up by 20; however, sale price has plateaued.  In the data above, what strikes me the most is that from the $200,000 to $699,999 range, homes sell within 90 days. At the low and high end price points, homes stay on the market longer. The reason? There are simply fewer buyers to either purchase fixer-uppers or afford the higher-end homes.

 

Would you like more information about the Shrewsbury Real Estate Market? Please contact me. 

 

Putting Today's Technology Tools to Work for You

 

Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

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Kathryn Acciari, RSPS, SRS, RESE, CFA

Century 21 MetroWest
45 Lyman Street  Suite 14
Westborough MA 01581

Serving the Route 9/20 Corridors of Central Massachusetts
Sturbridge to Westborough

Cell: (508) 982-0686   
Email:
kasellshomes@gmail.com

Web site: kathrynacciari.com
Blog:
Real Estate Blog
Twitter: @kacciari

Comment balloon 4 commentsKathryn Acciari • January 23 2017 12:22PM

Comments

Good morning, Kathryn, how much would I love a market where the average price of a home was in the $400,000's? A lot!

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) over 1 year ago

Hi Nina. It is a healthy market and affordable still, for being fairly close to Boston.

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) over 1 year ago

Good morning Kathryn. Looking good in your area with well priced homes moving quickly at very close to asking price! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) over 1 year ago

Good morning Kathryn.  Thanks for keeping us informed of the Shrewsbury MA real estate market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 1 year ago

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