$5,926 Closing Credit*
$499,000
1,408 SqFt
2 Beds
•2 Full Baths
#73314185, Mark Sampson, Listing Office: Century 21 North East
Is Tewksbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$620,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,666(+5.6%)
Key Takeaway
Homes in Tewksbury have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Tewksbury was $620,000 in October 2024, up 5.6% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $378.7K | $476K | +25.7% |
| 2 Bedrooms | $455K | $472.5K | +3.8% |
| 3 Bedrooms | $610K | $636K | +4.3% |
| 4 Bedrooms | $708K | $735K | +3.8% |
| 5+ Bedrooms | $743.5K | $715K | -3.8% |
Summary: Tewksbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $674.9K | $740K | +9.6% |
| Lowell | $440K | $468.9K | +6.6% |
| Tewksbury | $587.3K | $620K | +5.6% |
| Andover | $850K | $886K | +4.2% |
| North Billerica | $658K | $651.5K | -1.0% |
Housing Supply in Tewksbury, MA
How many homes are available in Tewksbury, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 77 | -10.5% |
Summary: The Tewksbury real estate market had 77 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tewksbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tewksbury, you could pay more than the asking price. 70.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Tewksbury in October 2024, down by 20.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 27 Days | +128.0% |
Summary: Homes in Tewksbury had an average of 27 days on market in Oct 2024, up by 128% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 27 homes were sold in Tewksbury; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
