$5,105 Closing Credit*
$429,900
936 SqFt
3 Beds
•1 Full Bath
#73316997, Stephanie McNamara, Listing Office: Paramount Realty Group
Is Millbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$480,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.3%)
Key Takeaway
Homes in Millbury have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Millbury was $480,000 in November 2024, up 4.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $220K | N/A |
| 2 Bedrooms | $476K | $465K | -2.3% |
| 3 Bedrooms | $422.5K | $452.5K | +7.1% |
| 4 Bedrooms | $616K | $612.5K | -0.6% |
| 5+ Bedrooms | $580K | $582K | 0.3% |
Summary: Millbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 0.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 39 | -20.4% |
Summary: The Millbury real estate market had 39 homes for sale in November 2024, a 20.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Millbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
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 November 2024, down by 17.6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +41.6% |
Summary: Homes in Millbury had an average of 28 days on market in Nov 2024, up by 41.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 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 November 2024, 14 homes were sold in Millbury; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
