Is Millbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Millbury was a Buyer's Market.
Key Takeaway
Millbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millbury, MA
How much do homes in Millbury, MA cost?
Median Sold Price
$475,557
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Millbury have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Millbury was $475,557 in April 2024, up 9.3% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $422.5K | $500K | +18.3% |
| 3 Bedrooms | $410.5K | $440K | +7.2% |
| 4 Bedrooms | $510K | $621K | +21.8% |
| 5+ Bedrooms | $480K | $580K | +20.8% |
Summary: Millbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 7.2%, 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The Millbury real estate market had 36 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Millbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbury, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Millbury in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 30 Days | +70.1% |
Summary: Homes in Millbury had an average of 30 days on market in Apr 2024, up by 70.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millbury are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Millbury; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
