Real Estate Market Update for Fitchburg, MA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 11% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 37%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold increased 74% year-over-year, and increased 10% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Fitchburg, MA
Area Information for Fitchburg, MA
  • Population: 40,802
  • Median Age: 34 yr
  • Median Commute Time: 17.81 mins
  • Educational Climate*: 3
  • Sales Tax: 6.25%
  • Population Density: 1,466/sq mi
  • Population Change Since 2000: 4.4%
  • Closest Airport: Laurence G Hanscom Field
  • Closest College: Fitchburg State College
  • Closest Jr. College: Mount Wachusett Community College
  • Median Household Income: $47,567
  • Annual Residential Turnover: 17.89%
  • Median Years in Residence: 3.44 yr
  • Median Home Sales Price: $109,500
  • Closest Major Sports Team: Nh Fisher Cats
  • Change Avg. Household Income Since 2000: 29%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Fitchburg, MA
Median Age: 34 Married: 26% Number of Households: 15,482 Households with Children: 4,979
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Fitchburg, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Applewild 0.5 mi Private K-8 0 3
      Arthur M Longsjo Middle School 0.9 mi Public 5-8 1 5
      Fitchburg Arts Academy 0.9 mi Public 5-8 0 0
      Crocker Elementary 1.0 mi Public PRESCHOOL-4 2-5 5
      Mckay Arts Academy 1.4 mi Public PRESCHOOL-8 0 0
      North Central Charter Essential School 1.4 mi Public 7-12 2-5 3
      Notre Dame Preparatory High School 1.4 mi Private 5-12 0 0
      Memorial Intermediate 1.5 mi Public 5-8 1 4
      Reingold Elementary 1.6 mi Public K-4 1 3
      South Street Elementary 1.8 mi Public PRESCHOOL-4 1 2
      St Anthony Elementary School 1.8 mi Catholic PRESCHOOL-8 0 5
      St Bernards Cent Cath High School 2.0 mi Catholic 9-12 0 5
      Fitchburg Alt Ed Program 2.1 mi Public 9-12 0 3
      Fitchburg High School 2.2 mi Public 9-12 1 3
      St Bernard Elementary 2.3 mi Catholic PRESCHOOL-8 0 4
      Montachusett Voc Tech 3.2 mi Public 9-12 2-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Fitchburg, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.