The Marlborough Homes For Sale Market Report

Marlborough has an interesting report here because I think it shows how the market is changing in the area. With a serious shortage of homes in the more expensive towns, people are looking around to see what else might make sense - and they are seeing tremendous value. Marlborough has had a crazy 161 sales in 3 months. 3 months! Not surprisingly, this has set them up for a record HSI, 137, which is very strong.

 

 

 

Note: The chart above updates automatically with each new post, so make sure the comments you are reading line up with the time the post was published.

 

Yes, it's a strong number. But we've seen lots of strong numbers - what sets this one apart? Well, I'm looking at the $/Sq foot, which JUMPED $11 in one report cycle. Sure, we can argue that the last report cycle was a little week, but that's a big move either way, and the big numbers haven't hit yet. So, after a long stretch, it certainly seems like it's good to be a seller in Marlborough.

Find Your Next Home or Check out the Competition!

What should buyers be thinking? Well, if you see a house you like, recognize that Marlborough is on the way up - so you can be a little more aggressive in purchasing. If you don't be, someone else likely will.

 

 

Marlborough Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • There are 88 homes listed as For Sale in Marlborough .
  • There have been 209 houses sold in the last 6 months, and 161 homes sold in the last 3 months.
  • The Average number of Days on Market was 81 days for just SOLD homes.

    Prices are rising in Marlborough,

    as Home Buyers play Catch-up
  • There is an Average Market Time of 104 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $161 (vs. $152 )
  • There was an Average Sold Price of $303,685 for sold homes.
  • Marlborough ,MA, has 2 properties (vs. 3 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Marlborough has 6 properties (vs. 9) advertised as a short-sale is going to be needed by lender .
  • Marlborough “Home Seller Index” (HSI):137 Last Report: 102

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.