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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millis is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Millis has remained a Seller's Market.

Key Takeaway

Millis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Millis, MA

How much do homes in Millis, MA cost?

Median Sold Price

$730,000

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$13,901(+1.9%)

Key Takeaway

Homes in Millis have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Millis was $730,000 in December 2024, up 1.9% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $734.7K$842.4K
+14.7%
3 $633.7K$614K
-3.1%
4 $750K$887.5K
+18.3%
5+ $848.2K$784.4K
-7.5%

Summary: Millis housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Cities

Medfield
+29.4%
Norfolk
+15.0%
Sherborn
+10.2%
Holliston
+4.0%
Millis
+1.9%

Housing Supply in Millis, MA

How many homes are available in Millis, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3928-28.2%

Summary: The Millis real estate market had 28 homes for sale in December 2024, a 28.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 149
-35.7%
4 109
-10.0%
5+ 31
-66.7%

Summary: The Millis housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millis, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Millis in December 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Millis, MA

How long does it take to sell a home in Millis, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
64 Days34 Days-46.0%

Summary: Homes in Millis had an average of 34 days on market in Dec 2024, down by 46% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Millis has remained consistent over time.

Summary: During December 2024, 11 homes were sold in Millis; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Millis, MA

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