Is Marlborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marlborough has remained a Seller's Market.
Housing Prices in Marlborough, MA
How much do homes in Marlborough, MA cost?
Median Sold Price
$539,950
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marlborough was $539,950 in May 2024, up 3.8% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210.4K | $220K | +4.5% |
2 Bedrooms | $377K | $395K | +4.8% |
3 Bedrooms | $500K | $535K | +7.0% |
4 Bedrooms | $675K | $660K | -2.2% |
5+ Bedrooms | $687.8K | $670K | -2.6% |
Summary: Marlborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Berlin | $547.5K | $709.5K | +29.6% |
Hudson | $525K | $600K | +14.3% |
Framingham | $595.8K | $636.2K | +6.8% |
Southborough | $910K | $950K | +4.4% |
Marlborough | $520K | $539.9K | +3.8% |
Housing Supply in Marlborough, MA
How many homes are available in Marlborough, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 103 | +27.2% |
Summary: The Marlborough real estate market had 103 homes for sale in May 2024, a 27.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 23 | 34 | +47.8% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Marlborough housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Marlborough in May 2024, up by 55.0% month-over-month. Of the 31 sold homes, 19% were sold under asking, 19% were sold at asking, and 61% were sold over asking.
Days on Market for Marlborough, MA
How long does it take to sell a home in Marlborough, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -30.1% |
Summary: Homes in Marlborough had an average of 17 days on market in May 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Marlborough; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.