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 1^st Quarter from $109,000 to $719,000, with 7 Sold Over $450,000 and 5 Below $200,000”