Is Middleborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Middleborough has remained a Seller's Market.
Key Takeaway
Middleborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleborough, MA
How much do homes in Middleborough, MA cost?
Median Sold Price
$522,450
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middleborough have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Middleborough was $522,450 in May 2024, up 7.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $389.4K | $355K | -8.8% |
| 3 Bedrooms | $480K | $527.5K | +9.9% |
| 4 Bedrooms | $600K | $589.9K | -1.7% |
| 5+ Bedrooms | $550K | $560K | +1.8% |
Summary: Middleborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| East Taunton | $435K | $475K | +9.2% |
| Lakeville | $509K | $552.1K | +8.5% |
| Middleborough | $486K | $522.4K | +7.5% |
| Middleboro | $486K | $522.4K | +7.5% |
| Bridgewater | $559.2K | $566K | +1.2% |
Housing Supply in Middleborough, MA
How many homes are available in Middleborough, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Summary: The Middleborough real estate market had 63 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 29 | 36 | +24.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Middleborough housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleborough, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Middleborough in May 2024, up by 26.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for Middleborough, MA
How long does it take to sell a home in Middleborough, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +21.4% |
Summary: Homes in Middleborough had an average of 36 days on market in May 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middleborough are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Middleborough; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
