Is Millbury, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millbury is a 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, OH

How much do homes in Millbury, OH cost?

Median Sold Price

$288,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$91,500(+46.6%)

Key Takeaway

Homes in Millbury have sold for 46.6% more than they did a year ago.

Summary: The median home sold price in Millbury was $288,000 in November 2024, up 46.6% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $119.9K$220K
+83.5%
3 $190K$295K
+55.3%
4 $352K$203K
-42.3%
5+ $255K$417.5K
+63.7%

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 increased by 83.5%, 3 bedroom homes increased by 55.3%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes increased by 63.7%.

Median Sold Price Compared To Nearby Cities

Allen Township
+72.8%
Millbury
+46.6%
Clay Township
-1.7%
Lake Township
-1.9%

Housing Supply in Millbury, OH

How many homes are available in Millbury, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
89+12.5%

Summary: The Millbury real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 55
0.0%
4 33
0.0%
5+ 00
0.0%

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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millbury, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Millbury in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Millbury, OH

How long does it take to sell a home in Millbury, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days39 Days+66.0%

Summary: Homes in Millbury had an average of 39 days on market in Nov 2024, up by 66% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 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 Millbury has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Millbury; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Millbury, OH

Nearby Markets to Millbury, OH

What housing markets are near Millbury, OH?