Is North Billerica, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Billerica is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, North Billerica has remained a Seller's Market.

Key Takeaway

North Billerica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Billerica, MA

How much do homes in North Billerica, MA cost?

Median Sold Price

$645,000

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+1.6%)

Key Takeaway

Homes in North Billerica have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in North Billerica was $645,000 in May 2024, up 1.6% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $445K$500K
+12.4%
3 $646K$605K
-6.3%
4 $660K$730K
+10.6%
5+ $665K$830K
+24.8%

Summary: North Billerica housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 24.8%.

Median Sold Price Compared To Nearby Cities

Lowell
+9.3%
Billerica
+5.4%
Chelmsford
+4.5%
Carlisle
+2.1%
North Billerica
+1.6%

Housing Supply in North Billerica, MA

How many homes are available in North Billerica, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2321-8.7%

Summary: The North Billerica real estate market had 21 homes for sale in May 2024, a 8.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 55
0.0%
3 127
-41.7%
4 38
+166.7%
5+ 31
-66.7%

Summary: The North Billerica 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 remained the same, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Billerica, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in North Billerica in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.

Days on Market for North Billerica, MA

How long does it take to sell a home in North Billerica, MA?

Average Sale Time

May 2023May 2024CHANGE
17 Days19 Days+10.7%

Summary: Homes in North Billerica had an average of 19 days on market in May 2024, up by 10.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in North Billerica; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

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