$4,630 Closing Credit*
$389,900
1,576 SqFt
4 Beds
•2 Full Baths
#73313251, Bethany Friesner, Listing Office: ERA Key Realty Services
Is Leominster, 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, Leominster has remained a Seller's Market.
Key Takeaway
Leominster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leominster, MA
How much do homes in Leominster, MA cost?
Median Sold Price
$437,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,750(+8.4%)
Key Takeaway
Homes in Leominster have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Leominster was $437,500 in October 2024, up 8.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $229K | +4.1% |
| 2 Bedrooms | $280K | $313.7K | +12.0% |
| 3 Bedrooms | $425K | $470K | +10.6% |
| 4 Bedrooms | $487.5K | $550K | +12.8% |
| 5+ Bedrooms | $549.9K | $560K | +1.8% |
Summary: Leominster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in Leominster, MA
How many homes are available in Leominster, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 116 | -8.7% |
Summary: The Leominster real estate market had 116 homes for sale in October 2024, a 8.7% decrease 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 | 35 | 27 | -22.9% |
| 3 Bedrooms | 48 | 47 | -2.1% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Leominster 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 22.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 31 | -27.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leominster, you could pay more than the asking price. 74.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Leominster in October 2024, down by 27.9% month-over-month. Of the 31 sold homes, 13% were sold under asking, 13% were sold at asking, and 74% were sold over asking.
Days on Market for Leominster, MA
How long does it take to sell a home in Leominster, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +29.0% |
Summary: Homes in Leominster had an average of 24 days on market in Oct 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leominster are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Leominster; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
