Boxborough

Boxborough

Homes for Sale in Boxborough offer picturesque settings, excellent schools, and a close-knit community, making it an ideal place for families and nature enthusiasts alike. Explore the inviting real estate opportunities in Boxborough, MA, a serene town in Middlesex County. Known for its scenic beauty and tight-knit community, Boxborough offers a variety of homes from charming farmhouses to modern estates. Enjoy top-tier schools, lush parks, and a peaceful, rural atmosphere perfect for families and individuals alike. 

Homes for Sale in Boxborough

Boxborough, MA - Real Estate Trends Analysis by Key Prime Realty

The real estate market in Boxborough, Massachusetts, is currently experiencing significant growth and competition. As of December 2023, the median sale price of homes in Boxborough reached $356,000, marking a substantial 48.7% increase compared to the previous year. This remarkable price appreciation trend has made Boxborough an attractive location for both homebuyers and investors. 

Market Competitiveness – Boxborough’s housing market is characterized as very competitive, with a Redfin Compete Score of 72 out of 100. This high level of competition is evident in several key factors: 

  1. Multiple offers: Many homes receive multiple offers, with some buyers waiving contingencies to make their bids more attractive. 
  2. Above-list pricing: On average, homes in Boxborough sell for about 3-5% above the list price. 
  3. Quick sales: Properties typically go pending in around 16 days, with hot homes selling even faster – in as little as 7-10 days. 

Price Appreciation and Market Trends – The Boxborough real estate market has shown impressive price appreciation across various property types: 

  • Overall home values increased by 12.2% over the past year, with the average home value reaching $743,446. 
  • One-bedroom homes saw a 14.8% price increase compared to the previous year. 
  • The median sale price per square foot in Boxborough is $332, up 21.6% since last year. 

Homes for Sale – As of December 2023, there were 6 homes sold in Boxborough, which is a slight decrease from 8 homes sold in the same period the previous year. This limited inventory, combined with high demand, contributes to the competitive nature of the market. 

What Buyers Should Consider 

  1. Act quickly: With homes selling rapidly, buyers should be prepared to make decisions and submit offers promptly. 
  2. Competitive offers: Given the multiple-offer scenarios, buyers may need to consider offering above the list price or waiving certain contingencies to stand out. 
  3. Market knowledge: Stay informed about local market trends and price fluctuations to make informed decisions. 
  4. Location factors: Consider the impact of Boxborough’s schools, such as Blanchard Memorial School, on property values and desirability. 
  5. Environmental risks: Research potential natural hazards and environmental risks that could affect homes in the area, including floods, fires, wind, and heat. 
  6. Migration trends: Be aware that Boxborough attracts homebuyers from outside the area, particularly from New York, Hartford, and Detroit. 
  7. Future growth potential: With the strong price appreciation trend, buyers should consider the long-term investment potential of properties in Boxborough. 

In conclusion, Boxborough’s real estate market offers exciting opportunities for buyers, but also requires careful consideration and swift action due to its competitive nature and rapidly appreciating home values. Prospective buyers should work closely with local real estate professionals to navigate this dynamic market successfully. Homes for Sale in Boxborough boast picturesque landscapes and a strong community spirit. With Homes for Sale in Boxborough, buyers can enjoy both tranquility and convenient access to nearby urban centers.

Boxborough MA Real Estate Market Report

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