$2,849 Closing Credit*
$239,900
921 SqFt
2 Beds
•1 Full Bath
#73320412, Jose Natal, Listing Office: Mega 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 November 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
$436,666
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,666(+7.3%)
Key Takeaway
Homes in Leominster have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Leominster was $436,666 in November 2024, up 7.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $227.1K | +3.3% |
| 2 Bedrooms | $280K | $313.7K | +12.0% |
| 3 Bedrooms | $430K | $464.5K | +8.0% |
| 4 Bedrooms | $487.5K | $550K | +12.8% |
| 5+ Bedrooms | $550K | $593K | +7.8% |
Summary: Leominster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Leominster, MA
How many homes are available in Leominster, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 96 | -21.3% |
Summary: The Leominster real estate market had 96 homes for sale in November 2024, a 21.3% 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 | 30 | 19 | -36.7% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 25 | 17 | -32.0% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Leominster 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 36.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 46 | +35.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leominster, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Leominster in November 2024, up by 35.3% month-over-month. Of the 46 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +12.6% |
Summary: Homes in Leominster had an average of 28 days on market in Nov 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leominster are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 46 homes were sold in Leominster; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
