Is Lunenburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lunenburg was a Neutral Market.
Housing Prices in Lunenburg, MA
How much do homes in Lunenburg, MA cost?
Median Sold Price
$505,900
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lunenburg was $505,900 in April 2024, up 6.5% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332.5K | $320K | -3.8% |
2 Bedrooms | $335.5K | $415K | +23.7% |
3 Bedrooms | $472.5K | $495K | +4.8% |
4 Bedrooms | $599.9K | $712K | +18.7% |
5+ Bedrooms | $599K | $760K | +26.9% |
Summary: Lunenburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Cities
Fitchburg | $350K | $390.4K | +11.6% |
Leominster | $390K | $417.5K | +7.1% |
Lunenburg | $475K | $505.9K | +6.5% |
Shirley | $469K | $474.4K | +1.2% |
Townsend | $472.5K | $455K | -3.7% |
Housing Supply in Lunenburg, MA
How many homes are available in Lunenburg, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 43 | -2.3% |
Summary: The Lunenburg real estate market had 43 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 9 | 15 | +66.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lunenburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lunenburg in April 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Lunenburg, MA
How long does it take to sell a home in Lunenburg, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
89 Days | 47 Days | -47.0% |
Summary: Homes in Lunenburg had an average of 47 days on market in Apr 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Lunenburg; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.