Dracut, MA Real Estate

For up-to-the-minute info about real estate in Dracut, MA, do yourself a favor and connect with Boston City Properties. On this page, you can sign up to receive free, immediate, unlimited access to our comprehensive online database of searchable MA real estate listings. Populated by reputable sources like the MLS, our database is updated continually to ensure accuracy around the clock. By availing yourself of our listings and search tool, you can get your search for a new home in this town off to a terrific start. We understand the market of this town, and our team can assist you as you make your way through the buying or leasing process.

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When stacked up against many other MA communities, Dracut has a fairly simple and straightforward real estate market. Still, if you want to buy or rent and get just what you need for a good price, it’s crucial to have the right help. In addition to offering a wealth of resources on our website, Boston City Properties has connections with experienced real estate professionals in this town. When you are ready, we can refer you to one who can help you find what you need. With someone by your side who has insider knowledge of the local market, your search is sure to unfold a lot more smoothly and easily.

Situated approximately 30 miles northwest of Boston, the Middlesex County town of Dracut had a population of around 31,000 at the time of the 2010 U.S. Census. Because it is a mid-size town, it has a fairly eclectic and active real estate market. Covered by the 01826 zip code, this town is split up into several sections, or neighborhoods. These include Dracut Center, Kenwood and Collinsville. Our agents in this community know its neighborhoods well and can help you find one that suits your needs to a T. When you use our search tool, you can limit your search to this town and its neighborhoods, so you can more easily find homes, condos, townhouses and even apartments that work for you.

The town of Dracut is bordered by a number of communities, including Lowell and Tyngsboro as well as Hillsborough, NH. If you want to move to this town and buy a home here, you should get up to speed regarding the average cost of living here. When combined with typical real estate prices, it will give you a clearer picture of what to expect. The average cost of living in the U.S. is 100 on the scale. In MA, the average COL is 137.7. In this town, it is 141.2. Therefore, while it is more expensive to live here than in many parts of the country, it’s not terribly overpriced for Massachusetts.

If you need to buy a home and have a somewhat limited budget, you will be pleased with what you find in Dracut. Lately across the state, the median list price has been $419,000 and the median sale price has been $356,000. In this town, by comparison, the median list price is $340,000 and the median sale price is $330,000. The average cost per square foot in this town, $216, is much lower than that of the state as a whole, which is $242. Given how affordable homes are here, you may be able to get more than you would elsewhere in the state.

Over the last several months, Dracut’s real estate market has been absolutely on fire. This, unfortunately for you, is great news for sellers because it means that they usually have plenty of buyers. Although the market here is therefore very competitive, homes are selling for only a bit lower than list, so it doesn’t appear that bidding wars are getting too extreme yet. One point of concern is the fact that around 7.4 percent of homes here have negative equity. That’s still lower than the U.S. average of 10.7 percent, but it’s pretty high nonetheless.

The length of time that it takes for the average property to sell can be highly indicative of the overall health of a local real estate market. The faster homes sell, the more competitive things tend to be—and this usually means that things are harder for buyers. In Dracut, homes have been selling in an average of around 52 days, which isn’t exceedingly long but isn’t very fast, either. At any given time, there are usually around 70 properties on the market. When you search Boston City Properties’ listings, then, you can expect to have plenty of options at your disposal.

If you end up buying a home in Dracut, can you count on it retaining its value or even gaining value over time? Lately, homes here have been gaining value fairly steadily, with a year-over-year appreciation rate of around 3.3 percent. The fewer vacant properties there are in a market, in general, the better values tend to be. In this town, around 3 percent of residential properties are vacant. That is a reasonable and normal amount. Given all of this information, you should be able to safely buy property here whether you plan to stay briefly or for a long time.

You may discover that while you like many things about Dracut and its real estate options, you just can’t find precisely what you need within its borders. If you are flexible about checking out surrounding areas, Boston City Properties can refer you to an agent who can help. Depending on where you look in the area, you will find many variations in terms of price and style. The median sale price in nearby Billerica is $388,000 while the median sale price in Lowell is just $241,000.

Within the town of Dracut, there are approximately 11,000 residential properties. Of that number, roughly 66 percent are classified as single-family homes; around 28 percent are classified as apartments; and around 6 percent are townhomes. Around 21 percent of occupied properties are rented, and around 79 percent are owned. Whether you will be buying or renting real estate in this town, Boston City Properties can help. Our database includes listings for homes for sale and for rent, and we have agents who specialize not only in single-family homes but in rental properties and apartments too. No matter what you need, we have your back.

Prices for single-family homes and townhouses tend to vary considerably in most area. That’s definitely true in Dracut, where there is a large disparity in terms of prices for these properties. In 2015, for example, the median list price for a detached single-family home was around $570,000. Meanwhile, the median list price for a townhouse was just $450,000. While prices have changed since then, you can expect a similar type of difference in price between these two property types. It is generally easier to find townhomes to buy than to rent, but if you need to rent one, we can connect you with an agent who can help.

Unlike many MA communities, Dracut is a great place for home buyers and apartment renters alike. Indeed, nearly one-third of properties in this town are classified as apartments, and more than 20 percent of properties are rented. The median monthly rent here is only $1,900, which is far lower than the state average of $2,500. Our database doesn’t just include listings for properties for sale. It’s also a great place to check current availability for apartments and other rental properties in cities and towns across the state, so be sure to check if you’re looking to rent.

Your search will unfold differently depending on what type of property you need. To give you an idea, here’s a bit of info about different property types in Dracut:

Single-family homes – Two-thirds of all residential properties in the town of Dracut are classified as detached single-family homes. On average, these homes offer around 1,600 square feet of living space, which is a bit lower than in many communities but still generous. This is the most available property type in the town, so it should be the easiest one to pinpoint. Still, contact Boston City Properties for a referral to a local agent who can make the process as easy as possible.
Townhouses and condos – A full 6 percent of residential real estate in this town falls into this category. It may not sound like a lot, but most communities have far fewer condos and townhouses. As is the case in any market, though, the relative scarcity of this type of property makes it trickier to pin down. Search our database to check current availability for condos and townhomes that suit your needs. Remember too that we can refer you to an agent whose insider knowledge will help you find what you need faster.
Apartments – Nearly 30 percent of properties in Dracut are apartments, and that is good news if you need to rent one. Rent prices around the area are pretty competitive, so you may be able to get a larger place for less. Just as you can search our database for homes for sale in Dracut, you can search it to check current availability for apartments for rent too. In fact, that should be your first step. In no time, you’ll have a list of apartments to look at, and the agent we refer you to can take it from there.

How Boston City Properties Can Help

Feeling overwhelmed about finding a new home in Dracut, MA? That’s normal given how competitive the market tends to be, but there’s no need to bite off more than you can chew. Instead, sign up now to get free, immediate access to Boston City Properties’ searchable real estate listings. Click over to the search tool and select this town to limit your search there. If you’d like, you can select multiple towns, cities and Boston neighborhoods to search over a larger area.

By limiting your search to this town, you will only get results for properties that are available there. However, you’re still likely to have a large list to look through. Pare things down more by adjusting search filters for things like total square footage, total number of bedrooms and bathrooms and price range. Your results will be even more relevant, and they will be much likelier to include properties that truly meet your criteria. Open listings to view specific information about each property, including photos of the premises. Before too long, you will have a nice, manageable list to check out.

With your list pared down to homes for sale or rent in Dracut that suit your needs, you should be ready to go and take a look at them in person. When you are, contact us to get a referral to a local real estate agent. This agent’s firsthand knowledge of the local market will make them an indispensable ally during your search. They can also help you negotiate the best deal and assist you through signing a lease or closing on a place. Our team is always here to help as well, so give Boston City Properties a call today.

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