$7,600 Closing Credit*
$640,000
1,794 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73314489, Sharon Narbonne, Listing Office: LAER Realty Partners
Is Dracut, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$510,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,000(+9.0%)
Key Takeaway
Homes in Dracut have sold for 9% more than they did a year ago.
Summary: The median home sold price in Dracut was $510,500 in October 2024, up 9% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $244.9K | +44.1% |
| 2 Bedrooms | $312K | $352.4K | +13.0% |
| 3 Bedrooms | $515K | $567K | +10.1% |
| 4 Bedrooms | $596.5K | $706K | +18.4% |
| 5+ Bedrooms | $740K | $710K | -4.1% |
Summary: Dracut housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Tyngsboro | $500K | $600K | +20.0% |
| Tyngsborough | $500K | $600K | +20.0% |
| Dracut | $468.5K | $510.5K | +9.0% |
| Lowell | $440K | $468.9K | +6.6% |
Housing Supply in Dracut, MA
How many homes are available in Dracut, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 98 | +3.2% |
Summary: The Dracut real estate market had 98 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The Dracut housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 26 | -23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dracut, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Dracut in October 2024, down by 23.5% month-over-month. Of the 26 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +38.7% |
Summary: Homes in Dracut had an average of 21 days on market in Oct 2024, up by 38.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 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 October 2024, 26 homes were sold in Dracut; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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