Is Billerica, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Billerica has remained a Seller's Market.
Key Takeaway
Billerica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Billerica, MA
How much do homes in Billerica, MA cost?
Median Sold Price
$650,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Billerica have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Billerica was $650,000 in April 2024, up 4.9% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $254.2K | +10.5% |
| 2 Bedrooms | $430.5K | $480K | +11.5% |
| 3 Bedrooms | $612K | $630K | +2.9% |
| 4 Bedrooms | $675K | $727.5K | +7.8% |
| 5+ Bedrooms | $729.5K | $780K | +6.9% |
Summary: Billerica housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Billerica | $619.8K | $650K | +4.9% |
| Tewksbury | $575.9K | $601.2K | +4.4% |
| Wilmington | $674.1K | $700K | +3.8% |
| North Billerica | $635K | $646.5K | +1.8% |
| Bedford | $920K | $932.5K | +1.4% |
Housing Supply in Billerica, MA
How many homes are available in Billerica, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 69 | +6.2% |
Summary: The Billerica real estate market had 69 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Billerica housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billerica, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Billerica in April 2024, down by 4.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Billerica, MA
How long does it take to sell a home in Billerica, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -17.5% |
Summary: Homes in Billerica had an average of 27 days on market in Apr 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Billerica are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Billerica; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
