Is Fitchburg, 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, Fitchburg has remained a Seller's Market.
Housing Prices in Fitchburg, MA
How much do homes in Fitchburg, MA cost?
Median Sold Price
$390,450
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fitchburg was $390,450 in April 2024, up 11.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $175.3K | +5.0% |
2 Bedrooms | $295K | $335K | +13.6% |
3 Bedrooms | $345K | $370K | +7.2% |
4 Bedrooms | $372.5K | $426.5K | +14.5% |
5+ Bedrooms | $410K | $475K | +15.9% |
Summary: Fitchburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
Ashby | $392.5K | $460K | +17.2% |
Fitchburg | $350K | $390.4K | +11.6% |
Westminster | $483.5K | $526.5K | +8.9% |
Leominster | $390K | $417.5K | +7.1% |
Lunenburg | $475K | $505.9K | +6.5% |
Housing Supply in Fitchburg, MA
How many homes are available in Fitchburg, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 130 | +10.2% |
Summary: The Fitchburg real estate market had 130 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 38 | 37 | -2.6% |
Summary: The Fitchburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Fitchburg in April 2024, up by 30.0% month-over-month. Of the 39 sold homes, 13% were sold under asking, 13% were sold at asking, and 74% were sold over asking.
Days on Market for Fitchburg, MA
How long does it take to sell a home in Fitchburg, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 23 Days | -34.6% |
Summary: Homes in Fitchburg had an average of 23 days on market in Apr 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Fitchburg; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.