Is Millbury, 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, Millbury has remained a Seller's Market.
Housing Prices in Millbury, MA
How much do homes in Millbury, MA cost?
Median Sold Price
$475,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Millbury was $475,000 in March 2024, up 10.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | - | N/A |
2 Bedrooms | $420K | $500K | +19.0% |
3 Bedrooms | $406.5K | $440K | +8.2% |
4 Bedrooms | $510K | $621K | +21.8% |
5+ Bedrooms | $480K | $580K | +20.8% |
Summary: Millbury 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 19%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in Millbury, MA
How many homes are available in Millbury, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The Millbury real estate market had 29 homes for sale in March 2024, a 7.4% 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 | 12 | 13 | +8.3% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Millbury 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 increased by 8.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Millbury in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Millbury, MA
How long does it take to sell a home in Millbury, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 32 Days | -25.9% |
Summary: Homes in Millbury had an average of 32 days on market in Mar 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Millbury; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.