Is Dracut, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Dracut has remained a Seller's Market.
Key Takeaway
Dracut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dracut, MA
How much do homes in Dracut, MA cost?
Median Sold Price
$481,666
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Dracut have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Dracut was $481,666 in June 2024, up 3.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $221.4K | +20.7% |
| 2 Bedrooms | $314.5K | $337.5K | +7.3% |
| 3 Bedrooms | $490K | $540K | +10.2% |
| 4 Bedrooms | $649.9K | $675K | +3.8% |
| 5+ Bedrooms | $656K | $710K | +8.2% |
Summary: Dracut housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Tyngsboro | $500K | $611K | +22.2% |
| Tyngsborough | $500K | $611K | +22.2% |
| Lowell | $429.7K | $463.6K | +7.9% |
| Dracut | $465K | $481.6K | +3.6% |
Housing Supply in Dracut, MA
How many homes are available in Dracut, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 82 | 81 | -1.2% |
Summary: The Dracut real estate market had 81 homes for sale in June 2024, a 1.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 32 | -8.6% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Dracut housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dracut, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Dracut in June 2024, down by 18.5% month-over-month. Of the 22 sold homes, 18% were sold under asking, 14% were sold at asking, and 68% were sold over asking.
Days on Market for Dracut, MA
How long does it take to sell a home in Dracut, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 10 Days | -46.7% |
Summary: Homes in Dracut had an average of 10 days on market in Jun 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dracut are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 22 homes were sold in Dracut; 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.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.