$4,453 Closing Credit*
$375,000
1,365 SqFt
3 Beds
•2 Full Baths
#73314336, Paul O'Rourke, Listing Office: The O'Rourke Group Real Estate Professionals
Is Leicester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Leicester has remained a Seller's Market.
Key Takeaway
Leicester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leicester, MA
How much do homes in Leicester, MA cost?
Median Sold Price
$425,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.6%)
Key Takeaway
Homes in Leicester have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Leicester was $425,000 in October 2024, up 7.6% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $280K | +86.7% |
| 2 Bedrooms | $356.8K | $384.4K | +7.7% |
| 3 Bedrooms | $389.9K | $410K | +5.1% |
| 4 Bedrooms | $457.5K | $449.9K | -1.7% |
| 5+ Bedrooms | $472K | $605K | +28.2% |
Summary: Leicester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Cherry Valley | $355K | $391K | +10.1% |
| Leicester | $395K | $425K | +7.6% |
| Paxton | $469.5K | $500K | +6.5% |
| Rochdale | $406K | $420K | +3.4% |
| Auburn | $425K | $427.5K | +0.6% |
Housing Supply in Leicester, MA
How many homes are available in Leicester, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The Leicester real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Leicester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leicester, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Leicester in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Leicester, MA
How long does it take to sell a home in Leicester, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -28.8% |
Summary: Homes in Leicester had an average of 23 days on market in Oct 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leicester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Leicester; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
