$5,580 Closing Credit*
$469,900
1,800 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73316093, Tammy Morrison, Listing Office: Tammy Morrison Real Estate
Is Lunenburg, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lunenburg was a Seller's Market.
Key Takeaway
Lunenburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lunenburg, MA
How much do homes in Lunenburg, MA cost?
Median Sold Price
$545,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+9.0%)
Key Takeaway
Homes in Lunenburg have sold for 9% more than they did a year ago.
Summary: The median home sold price in Lunenburg was $545,000 in November 2024, up 9% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $295K | +49.4% |
| 2 Bedrooms | $400K | $402.5K | +0.6% |
| 3 Bedrooms | $497.4K | $529K | +6.4% |
| 4 Bedrooms | $691.6K | $725K | +4.8% |
| 5+ Bedrooms | $760K | $661K | -13.0% |
Summary: Lunenburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
| Lunenburg | $500K | $545K | +9.0% |
| Fitchburg | $370K | $400K | +8.1% |
| Leominster | $407K | $436.6K | +7.3% |
| Shirley | $462K | $493K | +6.7% |
| Townsend | $460K | $479K | +4.1% |
Housing Supply in Lunenburg, MA
How many homes are available in Lunenburg, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Lunenburg real estate market had 42 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lunenburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lunenburg, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lunenburg in November 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 32 Days | -21.6% |
Summary: Homes in Lunenburg had an average of 32 days on market in Nov 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 7 homes were sold in Lunenburg; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
