$8,134 Closing Credit*
$685,000
2,546 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73320346, Jeremy Smith, Listing Office: StartPoint Realty
Is Dracut, 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, 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
$521,666
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,666(+11.0%)
Key Takeaway
Homes in Dracut have sold for 11% more than they did a year ago.
Summary: The median home sold price in Dracut was $521,666 in November 2024, up 11% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $239.9K | +18.2% |
| 2 Bedrooms | $312K | $359.9K | +15.4% |
| 3 Bedrooms | $518K | $566K | +9.3% |
| 4 Bedrooms | $590K | $695.5K | +17.9% |
| 5+ Bedrooms | $720K | $760K | +5.6% |
Summary: Dracut housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Tyngsboro | $535K | $595K | +11.2% |
| Tyngsborough | $535K | $595K | +11.2% |
| Dracut | $470K | $521.6K | +11.0% |
| Lowell | $440K | $471.4K | +7.1% |
Housing Supply in Dracut, MA
How many homes are available in Dracut, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 82 | -17.2% |
Summary: The Dracut real estate market had 82 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 33 | 29 | -12.1% |
| 3 Bedrooms | 28 | 20 | -28.6% |
| 4 Bedrooms | 29 | 21 | -27.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Dracut housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 27.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dracut, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Dracut in November 2024, up by 10.7% month-over-month. Of the 31 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +13.8% |
Summary: Homes in Dracut had an average of 23 days on market in Nov 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 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 November 2024, 31 homes were sold in Dracut; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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