$7,113 Closing Credit*
$599,000
4,140 SqFt
6 Beds
•3 Full Baths
#73307790, Veronique Mendelson, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Fitchburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Fitchburg has remained a Seller's Market.
Key Takeaway
Fitchburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fitchburg, MA
How much do homes in Fitchburg, MA cost?
Median Sold Price
$400,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$40,000(+11.1%)
Key Takeaway
Homes in Fitchburg have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Fitchburg was $400,000 in September 2024, up 11.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.3K | $210K | +24.7% |
| 2 Bedrooms | $301K | $345K | +14.6% |
| 3 Bedrooms | $355.5K | $386K | +8.6% |
| 4 Bedrooms | $382.5K | $423.5K | +10.7% |
| 5+ Bedrooms | $441.9K | $485K | +9.8% |
Summary: Fitchburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Fitchburg | $360K | $400K | +11.1% |
| Leominster | $400K | $440K | +10.0% |
| Lunenburg | $499.9K | $543.7K | +8.8% |
| Ashby | $425K | $440K | +3.5% |
| Westminster | $535K | $496.3K | -7.2% |
Housing Supply in Fitchburg, MA
How many homes are available in Fitchburg, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 142 | 131 | -7.7% |
Summary: The Fitchburg real estate market had 131 homes for sale in September 2024, a 7.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 40 | 34 | -15.0% |
Summary: The Fitchburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 46 | 32 | -30.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fitchburg, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Fitchburg in September 2024, down by 30.4% month-over-month. Of the 32 sold homes, 28% were sold under asking, 9% were sold at asking, and 63% were sold over asking.
Days on Market for Fitchburg, MA
How long does it take to sell a home in Fitchburg, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +32.7% |
Summary: Homes in Fitchburg had an average of 33 days on market in Sep 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fitchburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 32 homes were sold in Fitchburg; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.