$4,809 Closing Credit*
$405,000
2,044 SqFt
4 Beds
•2 Full Baths
#73321240, Michaela Hillier, Listing Office: Castinetti Realty Group
Is Fitchburg, 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, 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
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+8.1%)
Key Takeaway
Homes in Fitchburg have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Fitchburg was $400,000 in November 2024, up 8.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $265K | +60.6% |
| 2 Bedrooms | $312.5K | $330K | +5.6% |
| 3 Bedrooms | $360K | $390K | +8.3% |
| 4 Bedrooms | $395K | $426.5K | +8.0% |
| 5+ Bedrooms | $460K | $485K | +5.4% |
Summary: Fitchburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Lunenburg | $500K | $545K | +9.0% |
| Fitchburg | $370K | $400K | +8.1% |
| Leominster | $407K | $436.6K | +7.3% |
| Westminster | $560K | $485.8K | -13.2% |
Housing Supply in Fitchburg, MA
How many homes are available in Fitchburg, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 134 | -15.7% |
Summary: The Fitchburg real estate market had 134 homes for sale in November 2024, a 15.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 43 | 35 | -18.6% |
Summary: The Fitchburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 18.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 33 | -32.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fitchburg, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Fitchburg in November 2024, down by 32.7% month-over-month. Of the 33 sold homes, 30% were sold under asking, 12% were sold at asking, and 58% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +70.3% |
Summary: Homes in Fitchburg had an average of 34 days on market in Nov 2024, up by 70.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fitchburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Fitchburg; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
