Is Marlborough, MA 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, MA
How much do homes in Marlborough, MA cost?
Median Sold Price
$545,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marlborough have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Marlborough was $545,000 in March 2024, up 8.8% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $220K | +8.4% |
| 2 Bedrooms | $375K | $445K | +18.7% |
| 3 Bedrooms | $493.5K | $525K | +6.4% |
| 4 Bedrooms | $673.5K | $660K | -2.0% |
| 5+ Bedrooms | $675K | $670K | -0.7% |
Summary: Marlborough housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Berlin | $592.7K | $707.5K | +19.4% |
| Hudson | $529.9K | $588.5K | +11.1% |
| Marlborough | $501K | $545K | +8.8% |
| Framingham | $596.3K | $632K | +6.0% |
| Southborough | $912.5K | $930K | +1.9% |
Housing Supply in Marlborough, MA
How many homes are available in Marlborough, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 61 | +29.8% |
Summary: The Marlborough real estate market had 61 homes for sale in March 2024, a 29.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 16 | 25 | +56.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Marlborough housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marlborough, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Marlborough in March 2024, up by 58.3% month-over-month. Of the 19 sold homes, 32% were sold under asking, 5% were sold at asking, and 63% were sold over asking.
Days on Market for Marlborough, MA
How long does it take to sell a home in Marlborough, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 32 Days | -32.7% |
Summary: Homes in Marlborough had an average of 32 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marlborough are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Marlborough; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
