$6,293 Closing Credit*
$529,900
2,220 SqFt
3 Beds
•2 Full Baths
#73308469, Tracey Pintabona, Listing Office: Lamacchia Realty, Inc.
Is Lunenburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lunenburg has remained a Seller's Market.
Key Takeaway
Lunenburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lunenburg, MA
How much do homes in Lunenburg, MA cost?
Median Sold Price
$543,700
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$43,800(+8.8%)
Key Takeaway
Homes in Lunenburg have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Lunenburg was $543,700 in September 2024, up 8.8% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $295K | -7.8% |
| 2 Bedrooms | $345.2K | $405K | +17.3% |
| 3 Bedrooms | $499.9K | $505.9K | +1.2% |
| 4 Bedrooms | $632.5K | $727.4K | +15.0% |
| 5+ Bedrooms | $752.5K | $732K | -2.7% |
Summary: Lunenburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Fitchburg | $360K | $400K | +11.1% |
| Leominster | $400K | $440K | +10.0% |
| Lunenburg | $499.9K | $543.7K | +8.8% |
| Shirley | $450K | $475K | +5.6% |
| Townsend | $461K | $475K | +3.0% |
Housing Supply in Lunenburg, MA
How many homes are available in Lunenburg, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The Lunenburg real estate market had 43 homes for sale in September 2024, a 10.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 30 | 24 | -20.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Lunenburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lunenburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Lunenburg in September 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Lunenburg, MA
How long does it take to sell a home in Lunenburg, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 58 Days | 27 Days | -53.4% |
Summary: Homes in Lunenburg had an average of 27 days on market in Sep 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lunenburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 10 homes were sold in Lunenburg; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
