Is Marlborough, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Marlborough has remained a Seller's Market.
Key Takeaway
Marlborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marlborough, CT
How much do homes in Marlborough, CT cost?
Median Sold Price
$415,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marlborough have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Marlborough was $415,000 in March 2024, up 22.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119K | N/A |
| 2 Bedrooms | $295K | $322.5K | +9.3% |
| 3 Bedrooms | $325K | $394K | +21.2% |
| 4 Bedrooms | $426K | $460K | +8.0% |
| 5+ Bedrooms | $568K | $565K | -0.5% |
Summary: Marlborough housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| South Glastonbury | $500K | $625K | +25.0% |
| Marlborough | $338.5K | $415K | +22.6% |
| Colchester | $350K | $399.9K | +14.3% |
| Hebron | $353.4K | $392.5K | +11.0% |
| Amston | $375K | $395K | +5.3% |
Housing Supply in Marlborough, CT
How many homes are available in Marlborough, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Marlborough real estate market had 17 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marlborough housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marlborough, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Marlborough in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Marlborough, CT
We’re sorry, we don't have information for this market at the moment
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