$7,066 Closing Credit*
$595,000
1,600 SqFt
3 Beds
•2 Full Baths
#73307777, Dolores Granato, Listing Office: Barrett Sotheby's International Realty
Is Billerica, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$665,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,250(+6.1%)
Key Takeaway
Homes in Billerica have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Billerica was $665,000 in September 2024, up 6.1% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $243K | $260.2K | +7.1% |
| 2 Bedrooms | $440K | $510K | +15.9% |
| 3 Bedrooms | $619.5K | $640K | +3.3% |
| 4 Bedrooms | $687.5K | $738K | +7.3% |
| 5+ Bedrooms | $744K | $765K | +2.8% |
Summary: Billerica housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $672.4K | $740.5K | +10.1% |
| Billerica | $626.7K | $665K | +6.1% |
| Tewksbury | $582K | $614K | +5.5% |
| North Billerica | $650K | $655K | +0.8% |
| Bedford | $950K | $917K | -3.5% |
Housing Supply in Billerica, MA
How many homes are available in Billerica, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 94 | 88 | -6.4% |
Summary: The Billerica real estate market had 88 homes for sale in September 2024, a 6.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 40 | 34 | -15.0% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Billerica housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billerica, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Billerica in September 2024, down by 26.3% month-over-month. Of the 28 sold homes, 25% were sold under asking, 4% were sold at asking, and 71% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -16.1% |
Summary: Homes in Billerica had an average of 16 days on market in Sep 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 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 September 2024, 28 homes were sold in Billerica; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
