Millis, MA Housing Market Statistics Overview
Millis is a small town with limited inventory. It's so small, that sometimes buyers don't know that they should keep it on their list if they are looking in that area. It certainly looks to me like the buyers have completely forgotten about Millis - sales have crept to a virtual standstill. We can see this by looking at the past three month sales - part of my "momentum" calculation - where we go from 21 sales in the last report to just 13 - a decrease of 40%. Market time rose, and sales dropped. Many times, we see this when inventory rises, but in this case, inventory has remained stable, showing there's just no new inventory, and buyers haven't been excited by what's currently on the market. One thing is clear though: Buyers should put Millis back on the list - there will be sellers willing to sharpen their pencils to get a deal done, and values may be easier to find in Millis than they have been in a while.
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No foreclosures in Millis for the second straight report, and short-sales are posting an equally boring number in this report. Good!
Millis, MA Housing Market Statistics - Raw MLS Data
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There's no snow this year, but Home Buyers are acting like Millis is buried in two feet of the white stuff. |
- There are 34 homes listed (vs. 32 in the last Millis Real Estate Report for Home Buyers and Sellers) as For Sale.
- There have been 34 houses sold (vs. 43) in the last 6 months, and 13 homes sold (vs. 21) in the last 3 months.
- There was an Average Market Time of 162 days (vs. 133) for just SOLD homes.
- There is an Average Market Time of 186 days of the homes For Sale.
- The Dollars paid per Square Foot in Millis, MA is $165 (vs. $171)
- There was an Average Sold Price of $303,535 for sold homes.
- Millis, MA has 0 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
- Millis, MA has 4 properties (vs. 3) advertised as short sales required by lender .
- Millis, MA “Hot Seller Index” (HSI): 68 Last Report: 84
*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.
