Quarter 1 – Fitchburg, Massachusetts Market Report as of April 1, 2022
Single Family Home Sales:
- Median Sales Price is Up 15% ($310,000) from Q1 2021 ($270,000)
- Total Number of Sales is Up 6% (73) from Q1 2021 (69)
- 17 Active Listings on 4/1/2022 – Down 12 from 4/1/2021
Condominium Sales:
- Median Sales Price is Up 20% ($275,000) from Q1 2021 ($230,000)
- Total Number of Sales is Even (11) from Q1 2021 (11)
- 2 Active Listings on 4/1/2022 – Down 1 from 4/1/2021
~ Inventory Remains Tight
~ 22 Median Days on Market (Avg. 9 to Offer)
~ 102% Sold to List Ratio
~ Rising Mortgage Rates May Curb Appreciation in 2022
“73 Homes Sold in the 1st Quarter from $109,000 to $719,000, with 7 Sold Over $450,000 and 5 Below $200,000”