$4,738 Closing Credit*
$399,000
1,592 SqFt
2 Beds
•1 Full Bath
#73323036, Kevin Gettings, Listing Office: Keller Williams Gateway Realty
Is Lunenburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lunenburg has remained a Seller's Market.
Key Takeaway
Lunenburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lunenburg, MA
How much do homes in Lunenburg, MA cost?
Median Sold Price
$535,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$35,000(+7.0%)
Key Takeaway
Homes in Lunenburg have sold for 7% more than they did a year ago.
Summary: The median home sold price in Lunenburg was $535,000 in December 2024, up 7% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $295K | -7.8% |
| 2 Bedrooms | $400K | $395K | -1.3% |
| 3 Bedrooms | $489K | $520K | +6.3% |
| 4 Bedrooms | $699K | $725K | +3.7% |
| 5+ Bedrooms | $752.5K | $732K | -2.7% |
Summary: Lunenburg housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Fitchburg | $374.3K | $405K | +8.2% |
| Shirley | $462K | $500K | +8.2% |
| Leominster | $413.3K | $445K | +7.7% |
| Lunenburg | $500K | $535K | +7.0% |
| Townsend | $460K | $485K | +5.4% |
Housing Supply in Lunenburg, MA
How many homes are available in Lunenburg, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The Lunenburg real estate market had 35 homes for sale in December 2024, a 7.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lunenburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lunenburg, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Lunenburg in December 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Lunenburg, MA
How long does it take to sell a home in Lunenburg, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 48 Days | +107.8% |
Summary: Homes in Lunenburg had an average of 48 days on market in Dec 2024, up by 107.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lunenburg are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Lunenburg; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
