SHERBORN, MA : MARKET DATA THROUGH APRIL

April Headlines

Sherborn
  • No significant changes.
Nearby Areas You May Be Interested In
  • Days on market in Needham is up 276.9% to 98.
  • Unit sales in Medfield in April were 19. This is up 90.0% from 10 in April of 2014.
  • Days on market in Westwood is up by 393.3%.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Median Sale Price $750,000 -16.2%
Market Time (Days) 173 57.3%
Price per Sq Ft for Sold $258 -0.4%
Sales to List Price Ratio 95.4% -0.6%
Listings Under Contract 15 -16.7%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 13 85.7%
Inventory 37 -14.0%
Months of Supply 8.8 -4.7%
New Listings 37 -9.8%

Sales

There were 5 unit sales in April. This is up 150.0% from 2 in April of 2014. Sales/list price ratio in April moved up to 100.0% from 93.2% in March.

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Prices

Median price in April was $790,000. This is up 38.5% from $570,500 in April of 2014. 3-month median price of $750,000 in April was up marginally from $740,000 in March but down modestly from $895,000 in April of 2014. Price per square foot in April was $280. This is up from $241 in March but down from $295 in April of 2014.

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Inventory

Inventory of 45 in April was up 40.6% from 32 in March but down 8.2% from 49 in April of 2014. New listings of 17 in April were up considerably from 11 in March but down slightly from 19 in April of 2014. Months of supply of 10.2 in April was up moderately from 7.7 in March but down a little from 10.5 in April of 2014. This is the highest months of supply has been since July, 2014.

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Market Time

Days on market of 130 in April was down somewhat from 191 in March but up substantially from 82 in April of 2014.

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Change in Median Sale Price for Single Family Properties YTD From 2014 To 2015 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.46%
Newton 24.92%
Stoneham 21.81%
Lowell 14.80%
Malden 14.72%
Hopkinton 13.40%
Wilmington 13.33%
Woburn 13.00%
Melrose 12.05%
Billerica 10.71%
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