Southborough Market Update: Tight Inventory and Rising Home Values in 2025

This data shows a clear snapshot of the Southborough real estate market's recent history, highlighting significant trends and shifts in inventory, pricing, and activity between January 23, 2024, and January 23, 2025. Here's an analysis of the most notable trends:

Key Takeaways:

Listing Inventory:

• Active Listings: Dropped dramatically from 7 in 2024 to 2 in 2025, a 71.43% decrease, suggesting tighter inventory and increased buyer competition.
• Average Days on Market: Declined by 66.20%, from 142 days to 48 days, reflecting faster turnover of properties.
• Average List Price: Fell by 57.04%, from $2,070,400 to $889,499.50, indicating a shift toward lower-priced or smaller homes dominating the market.
• List Price per Square Foot: Dropped by 54.40%, supporting the trend of lower-priced listings.
• Months’ Supply of Inventory: Decreased by 65.85%, showing an even tighter market in 2025.

Year-to-Date Listings:

• New Listings: Declined from 2 to 1, a 50% reduction, signaling a slowdown in seller activity.
• Average Original List Price: Remained nearly flat, with just a 0.01% increase to $849,999, showing pricing stability among the limited new listings.

Pending Sales:

• Units Pending: Dropped from 5 in 2024 to none in 2025—a 100% decrease—indicating reduced buyer activity or delayed transactions.

Sold Activity:

• Closed Sales: Fell by 42.86%, from 7 to 4 units.
• Average Sale Price: Increased by 12.04%, reaching $1,375,816.25, signaling that higher-priced homes are driving the market.
• Sale Price per Square Foot: Rose by 24.44%, showing increased value for sold homes.

12-Month Trends (Jan 2024–Jan 2025):

• Listed Units: Declined by 26.72%, from 116 to 85.
• Sold Units: Dropped by 16.67%, reflecting fewer transactions.
• Units Went Pending: Fell by 28.44%, signaling less buyer activity.
• Price Adjustments: Reduced by 35.48%, suggesting sellers are more accurate in pricing homes upfront.

Overall Market Insights:

Southborough is experiencing a marked decrease in inventory, shorter market times, and increasing prices for sold properties. The lack of new listings and pending sales may be limiting buyer options. However, the rise in average sale price and price per square foot suggests demand remains strong, particularly for higher-priced homes.