$4,452 Closing Credit*
$374,900
1,470 SqFt
2 Beds
•3 Full Baths
#73320383, Luiz Fernando Coelho, Listing Office: 1 Worcester Homes
Is 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, Worcester has remained a Seller's Market.
Key Takeaway
Worcester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Worcester, MA
How much do homes in Worcester, MA cost?
Median Sold Price
$445,940
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,940(+7.5%)
Key Takeaway
Homes in Worcester have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Worcester was $445,940 in November 2024, up 7.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.7K | $230K | +19.9% |
| 2 Bedrooms | $300K | $336.9K | +12.3% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $445.5K | $490K | +10.0% |
| 5+ Bedrooms | $595K | $660K | +10.9% |
Summary: Worcester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Cherry Valley | $350K | $395.5K | +13.0% |
| Shrewsbury | $583.5K | $634.6K | +8.8% |
| Worcester | $415K | $445.9K | +7.5% |
| Millbury | $460K | $480K | +4.3% |
| Auburn | $423.2K | $428K | +1.1% |
Housing Supply in Worcester, MA
How many homes are available in Worcester, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 454 | 379 | -16.5% |
Summary: The Worcester real estate market had 379 homes for sale in November 2024, a 16.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 95 | 79 | -16.8% |
| 3 Bedrooms | 170 | 144 | -15.3% |
| 4 Bedrooms | 60 | 53 | -11.7% |
| 5+ Bedrooms | 120 | 93 | -22.5% |
Summary: The Worcester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 22.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 99 | -31.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester, you could pay more than the asking price. 56.6% of homes here sold above asking price last month.
Summary: A total of 99 homes were sold or pending in Worcester in November 2024, down by 31.7% month-over-month. Of the 99 sold homes, 31% were sold under asking, 12% were sold at asking, and 57% were sold over asking.
Days on Market for Worcester, MA
How long does it take to sell a home in Worcester, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +41.7% |
Summary: Homes in Worcester had an average of 32 days on market in Nov 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worcester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 99 homes were sold in Worcester; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
