Is Back Central, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Back Central was a Seller's Market.
Housing Prices in Back Central, MA
How much do homes in Back Central, MA cost?
Median Sold Price
$420,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Back Central was $420,000 in April 2024, down 1.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $362.5K | $303K | -16.4% |
3 Bedrooms | $352.9K | $379K | +7.4% |
4 Bedrooms | $320.6K | $395K | +23.2% |
5+ Bedrooms | $587.6K | $550K | -6.4% |
Summary: Back Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Lowell | $322.8K | $340K | +5.3% |
Lower Highlands | $445K | $457K | +2.7% |
Back Central | $424.9K | $420K | -1.2% |
Housing Supply in Back Central, MA
How many homes are available in Back Central, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Back Central real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Back Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Back Central in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Back Central, MA
How long does it take to sell a home in Back Central, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 8 Days | -57.9% |
Summary: Homes in Back Central had an average of 8 days on market in Apr 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Back Central; 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.