Is Marlborough, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marlborough is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Marlborough was a Neutral Market.

Key Takeaway

Marlborough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Marlborough, NY cost?

Median Sold Price

$435,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$85,000(+24.3%)

Key Takeaway

Homes in Marlborough have sold for 24.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $220K$162.5K
-26.1%
2 $244.5K$315K
+28.8%
3 $335K$370K
+10.4%
4 $450K$499.9K
+11.1%
5+ $380K$457.5K
+20.4%

Median Sold Price Compared To Nearby Cities

Milton
+37.1%
Marlborough
+24.3%
Lloyd
+16.8%
Highland
+12.5%

How many homes are available in Marlborough, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
4739-17.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 63
-50.0%
3 2417
-29.2%
4 1113
+18.2%
5+ 66
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
124-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marlborough, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
31 Days59 Days+87.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Marlborough has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Marlborough, NY

Homes for sale in Marlborough, NY have reached 39. The number of homes for sale in Marlborough, NY decreased by 17% between November 2022 and December 2022. Listings spent 59 days on the market in December 2022, and had a median list price of $435,000 during the same period. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties became 26.1% more cheaper, 2 bedrooms properties prices increased by 28.8%, 3 bedrooms properties became 10.4% more expensive, prices of 4 bedrooms properties went up by 11.1%, 5 bedrooms properties prices increased by 20.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 50% less available, 3 bedrooms homes inventory decreased by 29.2%, number of 4 bedrooms homes increased by 18.2%, volume of 5 bedrooms homes stayed the same. While more than 0 listings in Marlborough, NY in December 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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