Is Millbury, 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, Millbury has remained a Seller'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
$485,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millbury have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Millbury was $485,000 in May 2024, up 11.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $422.5K | $500K | +18.3% |
| 3 Bedrooms | $420K | $439.5K | +4.6% |
| 4 Bedrooms | $510K | $642.5K | +26.0% |
| 5+ Bedrooms | $465K | $589K | +26.7% |
Summary: Millbury 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 increased by 18.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in Millbury, MA
How many homes are available in Millbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 54 | +35.0% |
Summary: The Millbury real estate market had 54 homes for sale in May 2024, a 35.0% 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 | 16 | 18 | +12.5% |
| 3 Bedrooms | 15 | 24 | +60.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Millbury 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 increased by 12.5%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbury, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Millbury in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -16.3% |
Summary: Homes in Millbury had an average of 22 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millbury are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Millbury; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
