Is Dracut, 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, Dracut has remained a Seller's Market.
Key Takeaway
Dracut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dracut, MA
How much do homes in Dracut, MA cost?
Median Sold Price
$495,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dracut have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Dracut was $495,000 in April 2024, up 7.6% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $203K | +10.6% |
| 2 Bedrooms | $317.2K | $335K | +5.6% |
| 3 Bedrooms | $474K | $540K | +13.9% |
| 4 Bedrooms | $600K | $650K | +8.3% |
| 5+ Bedrooms | $700K | $699.9K | 0% |
Summary: Dracut housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $537.5K | $582.5K | +8.4% |
| Tyngsboro | $540K | $582.5K | +7.9% |
| Dracut | $460K | $495K | +7.6% |
| Lowell | $434.9K | $460K | +5.8% |
Housing Supply in Dracut, MA
How many homes are available in Dracut, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Dracut real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Dracut housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dracut, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Dracut in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 6% were sold under asking, 12% were sold at asking, and 82% were sold over asking.
Days on Market for Dracut, MA
How long does it take to sell a home in Dracut, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -22.2% |
Summary: Homes in Dracut had an average of 15 days on market in Apr 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
15 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 Dracut are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Dracut; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
