Is Millis, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Millis has remained a Seller's Market.
Key Takeaway
Millis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millis, MA
How much do homes in Millis, MA cost?
Median Sold Price
$714,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millis have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Millis was $714,000 in May 2024, up 14.5% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $639.9K | $762.6K | +19.2% |
| 3 Bedrooms | $550.5K | $617.5K | +12.2% |
| 4 Bedrooms | $720K | $777K | +7.9% |
| 5+ Bedrooms | $742.5K | $821.5K | +10.6% |
Summary: Millis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in Millis, MA
How many homes are available in Millis, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 36 | -16.3% |
Summary: The Millis real estate market had 36 homes for sale in May 2024, a 16.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Millis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millis, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Millis in May 2024, up by 23.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 19% were sold at asking, and 69% were sold over asking.
Days on Market for Millis, MA
How long does it take to sell a home in Millis, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 13 Days | -64.7% |
Summary: Homes in Millis had an average of 13 days on market in May 2024, down by 64.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Millis; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
