Is Tyngsborough, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tyngsborough was a Seller's Market.
Key Takeaway
Tyngsborough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tyngsborough, MA
How much do homes in Tyngsborough, MA cost?
Median Sold Price
$600,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tyngsborough have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Tyngsborough was $600,000 in May 2024, up 12.1% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | - | N/A |
| 2 Bedrooms | $379K | $450K | +18.7% |
| 3 Bedrooms | $635K | $617.4K | -2.8% |
| 4 Bedrooms | $737.5K | $780.5K | +5.8% |
| 5+ Bedrooms | $675K | $905K | +34.1% |
Summary: Tyngsborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 34.1%.
Median Sold Price Compared To Nearby Cities
| Dunstable | $770K | $900K | +16.9% |
| Tyngsborough | $535K | $600K | +12.1% |
| Tyngsboro | $535K | $600K | +12.1% |
| North Chelmsford | $468K | $510K | +9.0% |
| Chelmsford | $562.7K | $588K | +4.5% |
Housing Supply in Tyngsborough, MA
How many homes are available in Tyngsborough, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 36 | +63.6% |
Summary: The Tyngsborough real estate market had 36 homes for sale in May 2024, a 63.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 12 | +100.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Tyngsborough 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 increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tyngsborough, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Tyngsborough in May 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Tyngsborough, MA
How long does it take to sell a home in Tyngsborough, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 18 Days | -60.3% |
Summary: Homes in Tyngsborough had an average of 18 days on market in May 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tyngsborough are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Tyngsborough; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
