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 September 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

$482,500

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,500(+2.7%)

Key Takeaway

Homes in Dracut have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Dracut was $482,500 in September 2024, up 2.7% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $170K$244.9K
+44.1%
2 $312K$350K
+12.2%
3 $511.6K$560K
+9.5%
4 $600K$707.9K
+18.0%
5+ $657K$730K
+11.1%

Summary: Dracut housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

Tyngsboro
+25.1%
Tyngsborough
+25.1%
Lowell
+8.7%
Dracut
+2.7%

Housing Supply in Dracut, MA

How many homes are available in Dracut, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9291-1.1%

Summary: The Dracut real estate market had 91 homes for sale in September 2024, a 1.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 3131
0.0%
3 2925
-13.8%
4 2123
+9.5%
5+ 1012
+20.0%

Summary: The Dracut housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3032+6.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 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. 46.9% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Dracut in September 2024, up by 6.7% month-over-month. Of the 32 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% 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

Sep 2023Sep 2024CHANGE
14 Days20 Days+39.5%

Summary: Homes in Dracut had an average of 20 days on market in Sep 2024, up by 39.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 September 2024, 32 homes were sold in Dracut; 75% of homes were sold within 30 days, 25% 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 30 Days Ago

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