Is Marlborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marlborough has remained a Seller's Market.
Housing Prices in Marlborough, MA
How much do homes in Marlborough, MA cost?
Median Sold Price
$543,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marlborough was $543,500 in April 2024, up 7.4% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200.5K | $220K | +9.7% |
2 Bedrooms | $375K | $440K | +17.3% |
3 Bedrooms | $498.5K | $537.5K | +7.8% |
4 Bedrooms | $673.5K | $667.8K | -0.8% |
5+ Bedrooms | $693.9K | $665K | -4.2% |
Summary: Marlborough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Hudson | $527.9K | $599.9K | +13.6% |
Marlborough | $506K | $543.5K | +7.4% |
Framingham | $596.3K | $635.6K | +6.6% |
Southborough | $910K | $940K | +3.3% |
Housing Supply in Marlborough, MA
How many homes are available in Marlborough, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Summary: The Marlborough real estate market had 71 homes for sale in April 2024, a 9.2% 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 | 14 | 18 | +28.6% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Marlborough 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 increased by 28.6%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Marlborough in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -13.1% |
Summary: Homes in Marlborough had an average of 14 days on market in Apr 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Marlborough; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.