$3,918 Closing Credit*
$329,900
1,130 SqFt
3 Beds
•2 Full Baths, 1 Partial
Roger Veilleux, Listing Office: William Raveis Real Estate
Is Marlborough, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marlborough has remained a Seller's Market.
Key Takeaway
Marlborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marlborough, CT
How much do homes in Marlborough, CT cost?
Median Sold Price
$430,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+3.5%)
Key Takeaway
Homes in Marlborough have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Marlborough was $430,000 in October 2024, up 3.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119K | N/A |
| 2 Bedrooms | $320K | $350K | +9.4% |
| 3 Bedrooms | $375K | $417.5K | +11.3% |
| 4 Bedrooms | $491.4K | $520K | +5.8% |
| 5+ Bedrooms | $482.5K | $560K | +16.1% |
Summary: Marlborough housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
| South Glastonbury | $546.2K | $658.7K | +20.6% |
| Hebron | $390K | $437.7K | +12.2% |
| Colchester | $374.9K | $400K | +6.7% |
| Marlborough | $415.5K | $430K | +3.5% |
| Amston | $411.2K | $412.5K | 0.3% |
Housing Supply in Marlborough, CT
How many homes are available in Marlborough, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Marlborough real estate market had 19 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marlborough housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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.
Summary: A total of 4 homes were sold or pending in Marlborough in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Marlborough, CT
We’re sorry, we don't have information for this market at the moment
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