Overview of the Millis Housing Market

This is actually a pretty healthy report for Millis. The HSI jumped 8 points, to 76 which says "neutral" market, but there's 10 pendings - about 22% of the market - that are going to dramatically shift the balance in the way the HSI is calculated going forward, as we've seen in the other towns. So the HSI is probably closer to 85, which would make sense against the backdrop of the 132 Days that the average house is sitting on the market looking for a buyer. Bottom line - houses are moving quickly in Millis, but not as quickly as some other towns - giving an option for buyers who are getting frazzled in Ashland, Hopkinton, and Natick.

 

 

 

Still no foreclosures in Millis (that's good for sellers), but 8 short-sales? That's a big number. Buyers may want to look closely at those properties, as they are getting overlooked by enough buyers that if you're in a position to wait for the short-sale, you may get some real value that way.

 

 

 

Millis Housing Market Statistics - Raw MLS Data

 

 

 

Short-Sale are Popping up like Buds in Millis. What's up with that?

• There are 46 homes (vs. 34 in the last Millis Real Estate for Sale Report) listed as For Sale.
• There have been 33 houses sold (vs. 34) in the last 6 months, and 23 homes sold (vs. 13) in the last 3 months.
• There was an Average Market Time of 132 days for just SOLD homes.
• There is an Average Market Time of 145 days of the homes For Sale.
• The Dollars paid per Square Foot in Millis is $167 (vs. $165 )
• There was an Average Sold Price of $309,591 for sold homes.
• Millis, MA has 0 properties (vs. zero) advertised as lender owned/foreclosure (typically foreclosure) .
• Millis, MA has 8 properties advertised (vs. 4) as short sale is going to be needed by lender .
• Millis, MA “Hot Seller Index” (HSI): 76 Last Report: 68

 

 

*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.

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.