$8,491 Closing Credit*
$715,000
1,584 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73316535, Linda Kody, Listing Office: Kody & Company, Inc.
Is Billerica, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$669,966
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,466(+3.8%)
Key Takeaway
Homes in Billerica have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Billerica was $669,966 in November 2024, up 3.8% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $268K | +11.7% |
| 2 Bedrooms | $472.5K | $503K | +6.5% |
| 3 Bedrooms | $630K | $645K | +2.4% |
| 4 Bedrooms | $701K | $742.5K | +5.9% |
| 5+ Bedrooms | $727.5K | $789.9K | +8.6% |
Summary: Billerica housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $675.5K | $729.9K | +8.1% |
| Tewksbury | $582.5K | $621.6K | +6.7% |
| Bedford | $899.9K | $945K | +5.0% |
| Billerica | $645.5K | $669.9K | +3.8% |
| North Billerica | $653.5K | $662.5K | +1.4% |
Housing Supply in Billerica, MA
How many homes are available in Billerica, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 77 | -13.5% |
Summary: The Billerica real estate market had 77 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 33 | 25 | -24.2% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Billerica housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billerica, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Billerica in November 2024, down by 25.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 5% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +7.0% |
Summary: Homes in Billerica had an average of 23 days on market in Nov 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
19 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 Billerica are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Billerica; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
