Comprehensive market data and analysis
We're showing Massachusetts County statistics below to give you a broader market picture. As more transactions occur in North Billerica, Massachusetts, we'll update with specific local data.
15.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for North Billerica, Massachusetts | ||||||
The median price for land in the Massachusetts area is currently $130K per acre. For a typical parcel, the median sale price is $193K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $45K while premium lots reached $1.1M.
the Massachusetts area is currently a strong buyer's market with 15.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 0.1% year-over-year.
the Massachusetts area currently has 15.3 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 1,422 active listings in the Massachusetts area. 651 new listings have hit the market in the last 90 days. The median asking price is $267K.
Land in the Massachusetts area typically sells within 139 days of listing. The median time on market is 90 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, the Massachusetts area saw 1,178 properties sold, totaling $538.7M in sales volume. In just the last 3 months, 278 properties changed hands.
The 3-month absorption rate in the Massachusetts area is 6.5%. The 12-month rate is 6.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in North Billerica on LandyDandy.
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