$3,551 Closing Credit*
$299,000
1,040 SqFt
3 Beds
•1 Full Bath
#73313395, Monique Frigon, Listing Office: RE/MAX Generations
Is Millbury, MA 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, 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
$477,778
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,778(+3.9%)
Key Takeaway
Homes in Millbury have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Millbury was $477,778 in October 2024, up 3.9% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $220K | -20.0% |
| 2 Bedrooms | $476K | $480.2K | +0.9% |
| 3 Bedrooms | $420K | $450K | +7.1% |
| 4 Bedrooms | $616.5K | $600K | -2.7% |
| 5+ Bedrooms | $580K | $582K | 0.3% |
Summary: Millbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in Millbury, MA
How many homes are available in Millbury, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Summary: The Millbury real estate market had 53 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Millbury 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 increased by 7.1%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbury, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Millbury in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +67.8% |
Summary: Homes in Millbury had an average of 32 days on market in Oct 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millbury are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Millbury; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
