Homes For Sale in Millis Market Report

 

Millis remains strong, showing a back-to-back record for the HSI, as it hit 180.

 

Where we've seen these levels, we've seen rising prices - and Millis is no exception. Prices have hit $197 a square foot, up 17% in a year, and well over 20% in 18 months.

 

Can’t see the chart? You can find it Here .

 

I always caution it's a small town, with a small data set, but we've seen other towns with similar numbers. Still: 59 Days on Market for sold homes is really, really, low. And if you want to lookin in Millis, good luck - there's only 14 homes on the market. That means lots of price ranges have one or house or no houses at all, so you'll be waiting around a while for a Millis address.

Only one short-sale in Millis, not much to talk about there. Buyers should certainly consider looking at other towns - the wait and competition could make for a long search in Millis. Home sellers should take advantage of the current imbalance - in a small town it can disappears as fast as it appears.

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

 

• Millis “Home Seller Index” (HSI):180 Last Report:174
• There are 14 homes listed as For Sale in Millis.

  Leaves may be falling, but home prices are not.

• There have been 53 houses sold in the last 6 months, and 31 homes sold in the last 3 months.
• The Average number of Days on Market was 59 days for just SOLD homes.
• There is an Average Market Time of 102 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $191 (vs. $197 )
• There was an Average Sold Price of $384,073 for sold homes.
• Millis ,MA, has 0 properties (vs. 0 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
• Millis has 1 properties (vs. 0) advertised as a short-sale is going to be needed by 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
• Which is better, 2x4 or 2x6 home construction?
• What are the types of foundations we find in housing, and what should I know about them?
• How do I get the seller to pay my closing costs, and is it free money?
• What is pre-paid PMI, and is it a good deal?
• How do I prepare for getting ready to buy a house?
• What happens to my credit after a short sale?

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.

Do Good Things Today! Matt Heisler

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