$7,005 Closing Credit*
$589,900
1,862 SqFt
4 Beds
•1 Full Bath
#73305222, Mark Pitzi, Listing Office: Coldwell Banker Realty - Beverly
Is Tewksbury, 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, Tewksbury has remained a Seller's Market.
Key Takeaway
Tewksbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tewksbury, MA
How much do homes in Tewksbury, MA cost?
Median Sold Price
$614,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$32,000(+5.5%)
Key Takeaway
Homes in Tewksbury have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Tewksbury was $614,000 in September 2024, up 5.5% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $378.7K | $476K | +25.7% |
| 2 Bedrooms | $450K | $475K | +5.6% |
| 3 Bedrooms | $599K | $635K | +6.0% |
| 4 Bedrooms | $693.2K | $740K | +6.7% |
| 5+ Bedrooms | $743.5K | $715K | -3.8% |
Summary: Tewksbury housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $672.4K | $740.5K | +10.1% |
| Lowell | $433.9K | $471.6K | +8.7% |
| Tewksbury | $582K | $614K | +5.5% |
| Andover | $850K | $881.2K | +3.7% |
| North Billerica | $650K | $655K | +0.8% |
Housing Supply in Tewksbury, MA
How many homes are available in Tewksbury, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 81 | 82 | +1.2% |
Summary: The Tewksbury real estate market had 82 homes for sale in September 2024, a 1.2% increase 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 | 20 | 19 | -5.0% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tewksbury 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 5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tewksbury, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Tewksbury in September 2024, up by 13.8% month-over-month. Of the 33 sold homes, 33% were sold under asking, 9% were sold at asking, and 58% were sold over asking.
Days on Market for Tewksbury, MA
How long does it take to sell a home in Tewksbury, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -18.3% |
Summary: Homes in Tewksbury had an average of 22 days on market in Sep 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tewksbury are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 33 homes were sold in Tewksbury; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
