Worcester County experienced a notable shift in its real estate landscape, witnessing a 22% decline in single-family home sales compared to the previous year.
According to data from The Warren Group, a total of 6,077 homes were sold, down from 7,809 in the preceding year. This dip is attributed to factors such as rising mortgage rates and a diminishing inventory of available properties.
Median Home Price Sees a 6% Increase:
Despite the decrease in sales volume, the median price for a single-family home in Worcester County rose from $406,000 to $430,000, reflecting a substantial 6% increase. This shift underscores the ongoing dynamics in the local real estate market.
Top 10 Highest-Priced Homes in 2023:
The Warren Group provided a list of the top 10 highest-priced homes sold in 2023, with an average price of $2,020,475. The properties showcase the diversity and uniqueness of Worcester County’s real estate market.
Southborough Dominates Top Sales:
Southborough emerged as an established competitor in the high-end real estate market, securing the most expensive sale in the county and dominating the top 10 list with multiple entries.
The town recorded 98 single-family home sales throughout the year, with a median price of $917,500.
Here is the complete list of the top 10 single-family homes sold in 2023 in Worcester County:
1. 44 Sears Road, Southborough, $2,400,000
A property with a 7.2-acre land, featuring a two-floor house with five bedrooms, indoor pool, hot tub, gym nook, sauna room, and tennis court.
2. 165 Littleton County Road, Harvard, $2,300,000
Known as Whitney Farm, built in 1770 on 27.71 acres, with a mainstay of 5,200 square feet, five bedrooms, and seven fireplaces.
3. 19 Coachman Ridge Road, Shrewsbury, $2,193,750
A 10,000-square-foot home on a 1-acre lot, built in 1997, with five bathrooms, six bedrooms, outdoor space with a fireplace and kitchen.
4. 5 Kenley Lane, Southborough, $2,140,000
A newer home built in 2014, totaling about 6,500 square feet, with four bedrooms, five bathrooms, and a large kitchen with a 10-foot-long island.
5. 126 Oak Trail, Bolton, $1,950,000
A 1.27-acre property with a two-floor, 7,714-square-foot residence built in 2020, featuring five bedrooms, three bathrooms, and three garage spaces.
6. 97 Main St., Southborough, $1,950,000
Built in 2019 on a 1-acre property, a 5,524-square-foot residence with five bedrooms, six bathrooms, and recreational space.
7. 9 Quick Farm Road, Westborough, $1,855,000
A 1.96-acre property with a two-floor residence built in 2010, featuring five bedrooms, six bathrooms, finished basement, and private backyard with outdoor amenities.
8. 5 Lorenzo Drive, Southborough, $1,820,000
A 2022-built property on three-quarters of an acre, with a 3,972-square-foot residence, four bedrooms, and an office with a full bathroom.
9. 139 Stow Road, Harvard, $1,811,000
Built in 1994 in the style of the 1920s, on 14 acres of land, a 3,000-square-foot residence with four bedrooms, three bathrooms, saltwater pool, and hot tub.
10. 2 Massachusetts Ave., Worcester, $1,785,000
Built in 1901, a property totaling 5,711 square feet with six bedrooms, five bathrooms, and a two-car garage.
The highest-priced home, 44 Sears Road in Southborough, was sold for $2,400,000 to Lijun Liu and Katie Zhang on September 5, making it the most expensive sale of the year.