Contracts Low in Marlborough Real Estate Market

Over the last 30 days, 50 homes went under contract in the Marlborough market, the lowest amount since July. As the market appears to be softening, there were 45 homes sold over the same period. When comparing other close-by municipalities within the same period, the most came from Worcester with 204 contracts executed. However, a six-week downward trend in price reductions is expected to continue over the coming weeks. The median sales price dropped to $290,000 over the latest reporting period for Marlborough, down from $298,900. With only two months of inventory and rising sales, Marlborough is a definite seller's market.

Trying to find a home in Marlborough that offers more bathrooms? Then check out these listings that provide the most bathrooms in the area:

$560K   $245K   $995K  

Get started right now by checking out Marlborough homes for sale or reviewing Marlborough real estate trends.

Demographic facts for Marlborough:

  • The median value of all homes is $242,900.
  • Average number of rainy days is 123 per year. (U.S. average: 100)
  • The unemployment rate for this area is 5.1%.
  • The students per teacher ratio in this area is 12.5:1. (15.3:1 = national average)

Data reported through 10/12/2016

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Realty Executives Boston West
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