2024 Northborough, MA
year in review
Real Estate Market Recap

In 2024, the Northborough real estate market fought hard to beat 2023 and exhibited slightly fewer sales and higher prices, reflecting national trends driven by strong demand and limited inventory. Many sellers were reluctant to list due to historically low pre-pandemic mortgage rates, but necessity and life changes drove more activity, making competitive pricing becoming essential. Despite affordability challenges from rising interest rates and home prices, buyers remained determined. Those actively searching must be proactive and well-prepared to act quickly when they find the right home.

The market initially favored sellers but shifted toward buyers later in the year, with increased activity and expectations for a rebound in 2025. Even with rising costs, homeownership remained appealing, offering financial stability through fixed payments, equity gains, and tax benefits. As Anthony noted in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”

For more details on Massachusetts’s market, click here to read the 2024 Massachusetts Year in Review.