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.
12.4 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 $200K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $44K while premium lots reached $1.0M.
the Massachusetts area is currently a strong buyer's market with 12.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 10.1% year-over-year.
the Massachusetts area currently has 12.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 1,199 active listings in the Massachusetts area. 632 new listings have hit the market in the last 90 days. The median asking price is $280K.
Land in the Massachusetts area typically sells within 167 days of listing. The median time on market is 102 days. Properties are moving slowly in the current strong buyer's market.
Over the past 12 months, the Massachusetts area saw 1,234 properties sold, totaling $567.6M in sales volume. In just the last 3 months, 289 properties changed hands.
The 3-month absorption rate in the Massachusetts area is 8.0%. The 12-month rate is 8.6%. 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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
