Is Billerica, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Billerica is a seller's market

Buyer's
Market

Difference Since June 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

$654,166

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$31,666(+5.1%)

Key Takeaway

Homes in Billerica have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Billerica was $654,166 in June 2024, up 5.1% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $241.4K$252.5K
+4.6%
2 $437.5K$480K
+9.7%
3 $619K$630K
+1.8%
4 $675K$732.5K
+8.5%
5+ $742K$795K
+7.1%

Summary: Billerica housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

Wilmington
+7.2%
Billerica
+5.1%
Tewksbury
+4.3%
Bedford
-0.3%
North Billerica
-0.5%

Housing Supply in Billerica, MA

How many homes are available in Billerica, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
88106+20.5%

Summary: The Billerica real estate market had 106 homes for sale in June 2024, a 20.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 35
+66.7%
2 1114
+27.3%
3 3245
+40.6%
4 2728
+3.7%
5+ 1514
-6.7%

Summary: The Billerica housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 40.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2435+45.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Billerica, you could pay more than the asking price. 77.1% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Billerica in June 2024, up by 45.8% month-over-month. Of the 35 sold homes, 17% were sold under asking, 6% were sold at asking, and 77% 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

Jun 2023Jun 2024CHANGE
26 Days18 Days-29.4%

Summary: Homes in Billerica had an average of 18 days on market in Jun 2024, down by 29.4% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Billerica are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 35 homes were sold in Billerica; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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