Similar to most communities in Massachusetts, the Dracut, Massachusetts real estate market has been strong in 2013. The price of a single-family home in Dracut, MA, as well as homes sales, have increased in 2013, according to data provided by The Warren Group, publisher of Banker & Tradesman.
From January through September 2013, the median price of a single-family home in Dracut increased 14.47 percent to $261,000 compared to $228,000 during the same nine-month period in 2012. For September 2013, the median price increased to $265,000 from $215,000 in September 2012.
Single-family home sales in Dracut saw a significant increase of 31.82 percent in September to 29 from 22 in September 2012. During the first nine months of 2013, single-family home sales have increased 6.56 percent to 195 from 183 during the same period in 2012.
The median sale price for condominiums in Dracut also increased in 2013. Through the first nine months of 2013, the median condo price increased 8.78 percent to $140,000 from $128,699 during the same period in 2012. In the month of September, the median sale price was $155,000, an increase of 29.17 percent compared to $120,000 in September 2012.
Condominium sales increased 50 percent to nine unit sales in September from six condo sales in September 2012; however condo sales declined 7.06 percent through the first nine months of 2013. There have been 79 condo sales in Dracut through September 2013 compared to 85 during the same period in 2012.
There has been little foreclosure activity in Dracut in 2013 compared to 2012. The number of foreclosure petitions reported through September 2013 has decreased 58.82 percent to 35 from 85 reported during the same period in 2012.