Is Marlborough, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marlborough is a seller's market

Buyer's
Market

Difference Since November 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, MA

How much do homes in Marlborough, MA cost?

Median Sold Price

$575,000

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+9.5%)

Key Takeaway

Homes in Marlborough have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Marlborough was $575,000 in November 2024, up 9.5% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$225K
+2.3%
2 $425K$429.9K
+1.2%
3 $519.5K$565K
+8.8%
4 $627.5K$712.4K
+13.5%
5+ $665K$710.5K
+6.8%

Summary: Marlborough housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Cities

Marlborough
+9.5%
Hudson
+5.4%
Framingham
+5.3%
Southborough
+3.2%

Housing Supply in Marlborough, MA

How many homes are available in Marlborough, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9782-15.5%

Summary: The Marlborough real estate market had 82 homes for sale in November 2024, a 15.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1511
-26.7%
3 3428
-17.6%
4 3229
-9.4%
5+ 1411
-21.4%

Summary: The Marlborough housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2030+50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marlborough, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Marlborough in November 2024, up by 50.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
20 Days38 Days+88.7%

Summary: Homes in Marlborough had an average of 38 days on market in Nov 2024, up by 88.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marlborough are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in Marlborough; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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Nearby Markets to Marlborough, MA

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 12/01/2022 - 12/01/2024

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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