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Our Shrewsbury, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Shrewsbury as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Shrewsbury, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Shrewsbury MA Community Profile & History
Shrewsbury, Massachusetts is a suburban community with an uneven and hilly terrain cut by a number of minor streams that feed into several small water power sites. Grants of land were made in what would eventually be the town beginning in 1664. Settlers came primarily from Sudbury and Marlborough, and the first permanent settler was Gersham Wheelock in 1720.
Townspeople created an agricultural economy with apple orchards and by 1740 there were two stores and four taverns as well as several small industries in operation. The rapid fall of prices for agricultural goods, the shortage of hard currency and the general economic depression following the Revolutionary War produced disastrous conditions for colonists.
Shay's Rebellion in 1786 sought to close the courts to prevent debt collections and the foreclosure of mortgages. Shrewsbury became a staging area for the rebellion and the encampment of the more than 400 insurgents, before the march on the Worcester Court House.
A leather industry began in 1786 in Shrewsbury and town farmers developed large cattle herds to support the manufacture of boots and shoes. This was followed by the establishment of gunsmithing operations in 1797 which produced rifles, shotguns and pistols and eventually cutlery.
Luther Goddard began making brass clocks in 1809 and then established a small watch factory employing a few skilled Swiss and English watchmakers. Lumbering created sawmills, which in turn drew chair and cabinet makers, plow and wagon builders. The development of streetcar routes in the 19th century spurred the growth of single-family housing in town and a summer resort population on Lake Quinsigamond became consumers of the market garden produce grown by town farmers.
As Shrewsbury's industry was killed off by the lack of large waterpower sites and the tardy arrival of the railroad, its role as a suburb of Worcester grew more important. The town's population doubled from 1915 to 1940 as continued streetcar suburb growth brought more settlers into the community. Other modern developments included an increased number of lakeside cottages, ethnic clubs and recreational areas on the lake. The economy of modern Shrewsbury centers on agriculture, the resort industry and the various services providing for residents of Greater Worcester.
Shrewsbury Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Shrewsbury, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Shrewsbury Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 111 316 $442724 $170000 $413750 $1700000 |
2007 136 334 $457051 $154000 $409500 $1375000 |
2008 124 255 $402552 $85000 $380000 $1175087 |
2009 122 262 $375187 $84000 $331500 $1310000 |
2010 125 308 $421048 $70000 $399500 $998000 |
Average Selling Price of Single Family Homes in Shrewsbury
| 2006 |  $442724 | |
| 2007 | $457051 | |
| 2008 | $402552 | |
| 2009 | $375187 | |
| 2010 | $421048 |
Shrewsbury Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 105 113 $262106 $75800 $1799 $644900 |
2007 175 90 $270434 $74900 $257623 $748242 |
2008 159 75 $219745 $50000 $148000 $835036 |
2009 176 68 $228099 $45100 $192000 $801775 |
2010 107 68 $284576 $57000 $270000 $775000 |
Average Selling Price of Condominiums in Shrewsbury
| 2006 | $262106 | |
| 2007 | $270434 | |
| 2008 | $219745 | |
| 2009 | $228099 | |
| 2010 | $284576 |