Billerica, Massachusetts Home Sales Increase, Median Home Prices Decline in December 2010

Home buyers apparently took advantage of Billerica, Massachusetts real estate bargains in December.

Sales of single-family homes in Billerica, MA increased in December 2010 while the median home price declined sharply, according to data from MLS Property Information Network, Inc., the local multiple listing service.

Single-family homes sales in Billerica, MA increased 60 percent in December 2010, a difference of 9 sales compared to December 2009. The median price of single-family homes dropped 16.5 percent in December 2010 compared to December of the previous year, a $56,500 difference.

The median price of condominiums increased 72.3 percent, or $82,450, compared to December 2009. Condo sales in Billerica, MA fell 42.9 percent in December 2010, a difference of 3 sales.

There was only one multi-family home sold in December of 2010, an increase from the zero multi-family homes sold in December 2009.

Billerica, Massachusetts Real Estate Market Activity

Sales / Median Price

Single-family

December 2009 – 15 / $343,000

December 2010 – 24 / $286,500

Condominiums

December 2009 – 7 / $114,000

December 2010 – 4 / $196,450

Multi-family

December 2009 – 0 / $0

December 2010 – 1 / $365,000

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