Is Billerica, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Billerica has remained a Seller's Market.
Key Takeaway
Billerica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Billerica, MA
How much do homes in Billerica, MA cost?
Median Sold Price
$650,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Billerica have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Billerica was $650,000 in May 2024, up 5.4% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $252.5K | +5.3% |
| 2 Bedrooms | $430K | $480K | +11.6% |
| 3 Bedrooms | $615K | $632.5K | +2.8% |
| 4 Bedrooms | $660K | $742.6K | +12.5% |
| 5+ Bedrooms | $710K | $825K | +16.2% |
Summary: Billerica housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Billerica | $616.6K | $650K | +5.4% |
| Tewksbury | $576.6K | $607K | +5.3% |
| Wilmington | $669.9K | $700K | +4.5% |
| North Billerica | $635K | $645K | +1.6% |
| Bedford | $925K | $920K | -0.5% |
Housing Supply in Billerica, MA
How many homes are available in Billerica, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 79 | +16.2% |
Summary: The Billerica real estate market had 79 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Billerica housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billerica, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Billerica in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Billerica, MA
How long does it take to sell a home in Billerica, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -8.6% |
Summary: Homes in Billerica had an average of 14 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Billerica are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Billerica; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
