$2,909 Closing Credit*
$245,000
1,200 SqFt
3 Beds
•1 Full Bath
#73319783, Brandon Oberdorfer, Listing Office: 1 Worcester Homes
Is Vernon Hill, 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, Vernon Hill has remained a Seller's Market.
Key Takeaway
Vernon Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vernon Hill, MA
How much do homes in Vernon Hill, MA cost?
Median Sold Price
$475,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$47,500(-9.1%)
Key Takeaway
Homes in Vernon Hill have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Vernon Hill was $475,000 in November 2024, down 9.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $260K | +57.6% |
| 2 Bedrooms | $245K | $275K | +12.2% |
| 3 Bedrooms | $255K | $400K | +56.9% |
| 4 Bedrooms | $380K | $485K | +27.6% |
| 5+ Bedrooms | $600K | $657.5K | +9.6% |
Summary: Vernon Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 56.9%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Southern Worcester | $385K | $397.5K | +3.2% |
| South Worcester | $395K | $387K | -2.0% |
| Vernon Hill | $522.5K | $475K | -9.1% |
Housing Supply in Vernon Hill, MA
How many homes are available in Vernon Hill, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Vernon Hill real estate market had 17 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Vernon Hill 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 40%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon Hill, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Vernon Hill in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Vernon Hill, MA
How long does it take to sell a home in Vernon Hill, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +135.2% |
Summary: Homes in Vernon Hill had an average of 33 days on market in Nov 2024, up by 135.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vernon Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Vernon Hill; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
