$10,000 Closing Credit*
$859,900
2,430 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73320875, Kerry Nicolls, Listing Office: Foundation Brokerage Group
Is Tewksbury, 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, Tewksbury has remained a Seller's Market.
Key Takeaway
Tewksbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tewksbury, MA
How much do homes in Tewksbury, MA cost?
Median Sold Price
$621,666
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,166(+6.7%)
Key Takeaway
Homes in Tewksbury have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Tewksbury was $621,666 in November 2024, up 6.7% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $476K | +19.7% |
| 2 Bedrooms | $460K | $470.4K | +2.3% |
| 3 Bedrooms | $625K | $635K | +1.6% |
| 4 Bedrooms | $691.5K | $740K | +7.0% |
| 5+ Bedrooms | $730K | $752K | +3.0% |
Summary: Tewksbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $675.5K | $729.9K | +8.1% |
| Lowell | $440K | $471.4K | +7.1% |
| Tewksbury | $582.5K | $621.6K | +6.7% |
| Andover | $850K | $886K | +4.2% |
| North Billerica | $653.5K | $662.5K | +1.4% |
Housing Supply in Tewksbury, MA
How many homes are available in Tewksbury, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 55 | -28.6% |
Summary: The Tewksbury real estate market had 55 homes for sale in November 2024, a 28.6% 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 | 17 | 16 | -5.9% |
| 3 Bedrooms | 34 | 20 | -41.2% |
| 4 Bedrooms | 24 | 16 | -33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tewksbury 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 decreased by 5.9%, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tewksbury, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Tewksbury in November 2024, down by 3.7% month-over-month. Of the 26 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for Tewksbury, MA
How long does it take to sell a home in Tewksbury, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | -1.0% |
Summary: Homes in Tewksbury had an average of 20 days on market in Nov 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tewksbury are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Tewksbury; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
