$3,561 Closing Credit*
$299,900
992 SqFt
2 Beds
•2 Full Baths
#73320180, AJ Bruce, Listing Office: Lamacchia Realty, Inc.
Is Southern 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, Southern Worcester has remained a Seller's Market.
Key Takeaway
Southern Worcester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern Worcester, MA
How much do homes in Southern Worcester, MA cost?
Median Sold Price
$397,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+3.2%)
Key Takeaway
Homes in Southern Worcester have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Southern Worcester was $397,500 in November 2024, up 3.2% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $224.5K | +6.9% |
| 2 Bedrooms | $265K | $291.2K | +9.9% |
| 3 Bedrooms | $385K | $400K | +3.9% |
| 4 Bedrooms | $410K | $485K | +18.3% |
| 5+ Bedrooms | $565K | $651K | +15.2% |
Summary: Southern Worcester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Southern Worcester | $385K | $397.5K | +3.2% |
| Hadwen Park | $370K | $379.5K | +2.6% |
| South Worcester | $395K | $387K | -2.0% |
| Vernon Hill | $522.5K | $475K | -9.1% |
Housing Supply in Southern Worcester, MA
How many homes are available in Southern Worcester, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 64 | -7.2% |
Summary: The Southern Worcester real estate market had 64 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 19 | -20.8% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Southern Worcester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Worcester, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Southern Worcester in November 2024, down by 33.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Southern Worcester, MA
How long does it take to sell a home in Southern Worcester, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +28.0% |
Summary: Homes in Southern Worcester had an average of 29 days on market in Nov 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern Worcester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Southern Worcester; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
