Is Fitchburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fitchburg has remained a Seller's Market.
Housing Prices in Fitchburg, MA
How much do homes in Fitchburg, MA cost?
Median Sold Price
$388,450
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fitchburg was $388,450 in March 2024, up 11.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $175.3K | +5.0% |
2 Bedrooms | $295K | $335K | +13.6% |
3 Bedrooms | $339.9K | $370K | +8.9% |
4 Bedrooms | $364.5K | $415K | +13.9% |
5+ Bedrooms | $400K | $478.4K | +19.6% |
Summary: Fitchburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
Fitchburg | $349.4K | $388.4K | +11.2% |
Westminster | $482K | $530K | +10.0% |
Lunenburg | $465K | $499.9K | +7.5% |
Leominster | $392.6K | $416.6K | +6.1% |
Housing Supply in Fitchburg, MA
How many homes are available in Fitchburg, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 114 | +22.6% |
Summary: The Fitchburg real estate market had 114 homes for sale in March 2024, a 22.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 14 | 24 | +71.4% |
5+ Bedrooms | 29 | 36 | +24.1% |
Summary: The Fitchburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 24.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Fitchburg in March 2024, up by 36.4% month-over-month. Of the 30 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% were sold over asking.
Days on Market for Fitchburg, MA
How long does it take to sell a home in Fitchburg, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 32 Days | -33.1% |
Summary: Homes in Fitchburg had an average of 32 days on market in Mar 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Fitchburg; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.