Homes For Sale in Marlborough Market Report
In Marlborough, we again see that pattern of softening prices, but it is probably short-lived. The actives are listed at $178/ sq foot - quite a bit higher than this reports $167 - and they point to higher prices (although not much higher) in the next report).
Can’t see the chart? You can find it Here .
One of the things the data really shows is that this is a real transition report - the time on market (DOM) for actives dropped 50 days, as a number of new listings hit the market. We see it in the listed property number too, as the the homes for sale has risen from 50 to 69.
Find Your Next Home or Check out the Competition!
- Sign me up for Automated E-mail Alerts of New Listings in Marlborough!
- Show Me Marlborough, MA Homes for Sale
- Is this an Old Report? Get the latest!
- Reach me to be your Marlborough MA Realtor
Might not sound like much, but that's almost an increase of 40% in the choices in Marlborough, and reflects a more "normal" balance in the market.
What should home buyers do in Marlborough?
Prices have softened a bit, so if you see a home that has been listed for a while, you should do a deep price analysis and see what it is worth, and then offer that price. Many new listings are moving quickly, but they have leveled out since last year, and older listings can be had at fair to good prices.
What should home sellers do in Marlborough?
Home sellers shouldn't be reaching for new prices too much in this market. Although prices look to be stable, it's not clear there's enough pressure to keep them moving up as they did last year.
Marlborough Recent Houses For Sale and Sold Market Statistics - Raw MLS Data
- Marlborough‘s “Home Seller Index” (HSI):125 Last Report: 148
- There are 69 homes listed as For Sale.
Time to get that fresh coat of paint on
to make your house look the best in Marlborough.
- There have been 164 houses sold in the last 6 months, and 109 homes sold in the last 3 months in Marlborough .
- The Average number of Days on Market was 107 days for just SOLD homes.
- There is an Average Market Time of 126 days of the Marlborough homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged 167 (vs. 169 )
- There was an Average Sold Price of $321,349 for sold homes.
- Marlborough, MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
- There are 1 properties advertised as a short-sale is going to be needed by the lender.
*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).
More Great Reads!
- Quick reference guide for buyers and sellers
- Current Massachusetts Smoke Detector Laws Explained. Read -before - you go to the hardware store.
- How do I calculate true mortgage closing costs?
- What should I know before buying a new construction house or condo?
- What exactly is the state of Massachusetts 40B zoning?
- A look at some of the hottest towns to buy real estate in Massachusetts.
- What is a mortgage commitment letter and why is it important?
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.
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
