Is Tewksbury, 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, 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
$601,250
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tewksbury have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Tewksbury was $601,250 in April 2024, up 4.4% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | - | N/A |
| 2 Bedrooms | $445K | $466.2K | +4.8% |
| 3 Bedrooms | $584K | $625K | +7.0% |
| 4 Bedrooms | $695K | $685K | -1.4% |
| 5+ Bedrooms | $749.2K | $717.5K | -4.2% |
Summary: Tewksbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Lowell | $434.9K | $460K | +5.8% |
| Tewksbury | $575.9K | $601.2K | +4.4% |
| Wilmington | $674.1K | $700K | +3.8% |
| Andover | $850.3K | $869K | +2.2% |
| North Billerica | $635K | $646.5K | +1.8% |
Housing Supply in Tewksbury, MA
How many homes are available in Tewksbury, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 80 | +17.6% |
Summary: The Tewksbury real estate market had 80 homes for sale in April 2024, a 17.6% 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 | 21 | 26 | +23.8% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Tewksbury 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 23.8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tewksbury, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Tewksbury in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 15 Days | -54.4% |
Summary: Homes in Tewksbury had an average of 15 days on market in Apr 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was 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 April 2024, 22 homes were sold in Tewksbury; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
