Marlborough Housing Market Statistics Overview

 

Marlborough has see things slow down a bit. Inventory is down, but not as drastically as we've seen in some other towns. Things are still selling pretty solid, but not as aggressively as we've seen in the last report. The result is a neutral market, favoring neither buyers or sellers. I'd be inclined to say that the buyers look to have gained some leverage, but the average days for solds is pretty steady in the 130's and for that to be true I'd expect it to be more in the 150's or more. The good stuff is still going fast.

 

Find Your Next Home or Check out the Competition! 

 

The bank owned and short-sale properties continue to clog up the market with 21 - over 20 percent. And it doesn't seem to be going down. This ultimately restricts the inventory for a good percentage of buyers - and may give sellers additional leverage going forward.

 

Marlborough Housing Market Statistics - Raw MLS Data

 

 

The guys that write the loans have tied up 20% of the

homes in Marlborough.

 

  • There are 105 homes (vs. 120 in the last Marlborough Home Sales Report) listed as For Sale.
  • There have been 111 houses sold (vs. 140) in the last 6 months, and 48 homes sold (vs 70) in the last 3 months.
  • There was an Average Market Time of 136 days for just SOLD homes.
  • There is an Average Market Time of 222 days of the homes For Sale.
  • The Dollars paid per Square Foot in Marlborough is $154
  • There was an Average Sold Price of $290,085 for sold homes.
  • Marlborough has 6 properties (vs. 4) advertised as lender owned/foreclosure (typically foreclosure) .
  • Marlborough has 15 properties (vs. 17) advertised as short sales required by lender .
  • Marlborough “Hot Seller Index” (HSI): 72 Last Report: 79

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

 

 

Read my Explanation for Massachusetts Home Data Reports.

 

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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.