Is Billerica, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Billerica have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Billerica was $650,000 in March 2024, up 4.8% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $256K | +11.3% |
| 2 Bedrooms | $433K | $489K | +12.9% |
| 3 Bedrooms | $611.3K | $632.5K | +3.5% |
| 4 Bedrooms | $680K | $725K | +6.6% |
| 5+ Bedrooms | $744K | $751K | +0.9% |
Summary: Billerica housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Billerica | $620K | $650K | +4.8% |
| Tewksbury | $575K | $602.5K | +4.8% |
| Wilmington | $677K | $700K | +3.4% |
| Bedford | $903K | $930K | +3.0% |
| North Billerica | $635K | $646.5K | +1.8% |
Housing Supply in Billerica, MA
How many homes are available in Billerica, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 60 | +25.0% |
Summary: The Billerica real estate market had 60 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Billerica housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 23 | +109.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billerica, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Billerica in March 2024, up by 109.1% month-over-month. Of the 23 sold homes, 26% were sold under asking, 4% were sold at asking, and 70% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 25 Days | -52.4% |
Summary: Homes in Billerica had an average of 25 days on market in Mar 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 March 2024, 23 homes were sold in Billerica; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
