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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millis is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Millis was a Seller's Market.

Key Takeaway

Millis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Millis, MA

How much do homes in Millis, MA cost?

Median Sold Price

$732,450

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,500(+6.2%)

Key Takeaway

Homes in Millis have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Millis was $732,450 in September 2024, up 6.2% from last year, and the median price per square foot was $345.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $734.7K$814.3K
+10.8%
3 $604.5K$625K
+3.4%
4 $750K$870K
+16.0%
5+ $821.5K$757.1K
-7.8%

Summary: Millis housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Cities

Medfield
+20.2%
Sherborn
+17.2%
Norfolk
+10.5%
Millis
+6.2%
Holliston
+3.4%

Housing Supply in Millis, MA

How many homes are available in Millis, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2938+31.0%

Summary: The Millis real estate market had 38 homes for sale in September 2024, a 31.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 811
+37.5%
4 1113
+18.2%
5+ 33
0.0%

Summary: The Millis housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Millis in September 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
63 Days29 Days-53.3%

Summary: Homes in Millis had an average of 29 days on market in Sep 2024, down by 53.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Millis; 67% of homes were sold within 30 days, 33% 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 29 Days Ago

Newest Listings in Millis, MA

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