Is Fitchburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$381,600
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fitchburg was $381,600 in February 2024, up 9.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $175.3K | +5.0% |
2 Bedrooms | $295K | $332.5K | +12.7% |
3 Bedrooms | $339.9K | $367K | +8.0% |
4 Bedrooms | $369K | $412.5K | +11.8% |
5+ Bedrooms | $410K | $475K | +15.9% |
Summary: Fitchburg housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
Ashby | $382.5K | $455K | +19.0% |
Westminster | $450K | $533K | +18.4% |
Fitchburg | $349.4K | $381.6K | +9.2% |
Leominster | $390K | $415K | +6.4% |
Lunenburg | $475K | $499.9K | +5.2% |
Housing Supply in Fitchburg, MA
How many homes are available in Fitchburg, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 88 | -3.3% |
Summary: The Fitchburg real estate market had 88 homes for sale in February 2024, a 3.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The Fitchburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Fitchburg in February 2024, down by 22.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 24% were sold at asking, and 48% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 39 Days | -9.0% |
Summary: Homes in Fitchburg had an average of 39 days on market in Feb 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 21 homes were sold in Fitchburg; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.