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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dracut is a seller's market

Buyer's
Market

Difference Since May 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

$480,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,366(+2.6%)

Key Takeaway

Homes in Dracut have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Dracut was $480,000 in May 2024, up 2.6% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $197K$221.4K
+12.4%
2 $317K$340K
+7.3%
3 $489.9K$534K
+9.0%
4 $600K$666K
+11.0%
5+ $657K$710K
+8.1%

Summary: Dracut housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Tyngsboro
+12.1%
Tyngsborough
+12.1%
Lowell
+9.3%
Dracut
+2.6%

Housing Supply in Dracut, MA

How many homes are available in Dracut, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6380+27.0%

Summary: The Dracut real estate market had 80 homes for sale in May 2024, a 27.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2335
+52.2%
3 2526
+4.0%
4 1014
+40.0%
5+ 44
0.0%

Summary: The Dracut housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dracut, you could pay more than the asking price. 78.3% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Dracut in May 2024, up by 9.5% month-over-month. Of the 23 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% 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

May 2023May 2024CHANGE
20 Days20 Days-0.4%

Summary: Homes in Dracut had an average of 20 days on market in May 2024, down by 0.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 23 homes were sold in Dracut; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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

Newest Listings in Dracut, MA

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