$4,452 Closing Credit*
$374,900
1,470 SqFt
2 Beds
•3 Full Baths
#73320383, Luiz Fernando Coelho, Listing Office: 1 Worcester Homes
Is East Worcester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Worcester has remained a Seller's Market.
Key Takeaway
East Worcester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Worcester, MA
How much do homes in East Worcester, MA cost?
Median Sold Price
$470,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,000(+15.8%)
Key Takeaway
Homes in East Worcester have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in East Worcester was $470,000 in November 2024, up 15.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $270K | +8.0% |
| 2 Bedrooms | $299K | $310K | +3.7% |
| 3 Bedrooms | $400K | $420K | +5.0% |
| 4 Bedrooms | $425K | $470K | +10.6% |
| 5+ Bedrooms | $591K | $670K | +13.4% |
Summary: East Worcester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Hamilton | $405.5K | $510K | +25.8% |
| East Worcester | $406K | $470K | +15.8% |
| Grafton Hill | $407K | $427.5K | +5.0% |
| Lake Park | $399.2K | $402.4K | +0.8% |
Housing Supply in East Worcester, MA
How many homes are available in East Worcester, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 92 | -24.0% |
Summary: The East Worcester real estate market had 92 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 23 | 15 | -34.8% |
| 3 Bedrooms | 45 | 39 | -13.3% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 37 | 26 | -29.7% |
Summary: The East Worcester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 29.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Worcester, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in East Worcester in November 2024, down by 26.3% month-over-month. Of the 28 sold homes, 39% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for East Worcester, MA
How long does it take to sell a home in East Worcester, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +38.0% |
Summary: Homes in East Worcester had an average of 34 days on market in Nov 2024, up by 38% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Worcester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in East Worcester; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
