$3,858 Closing Credit*
$324,900
1,145 SqFt
3 Beds
•2 Full Baths
#73313223, Luis Garcia, Listing Office: eXp Realty
Is Worcester, 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, 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
$440,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,057(+7.3%)
Key Takeaway
Homes in Worcester have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Worcester was $440,000 in October 2024, up 7.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.7K | $225K | +17.3% |
| 2 Bedrooms | $297.9K | $335K | +12.4% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $438K | $490K | +11.9% |
| 5+ Bedrooms | $590K | $655K | +11.0% |
Summary: Worcester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Cherry Valley | $355K | $391K | +10.1% |
| Worcester | $409.9K | $440K | +7.3% |
| Shrewsbury | $583.5K | $625.8K | +7.3% |
| Millbury | $460K | $477.7K | +3.9% |
| Auburn | $425K | $427.5K | +0.6% |
Housing Supply in Worcester, MA
How many homes are available in Worcester, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 426 | 442 | +3.8% |
Summary: The Worcester real estate market had 442 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 8 | -33.3% |
| 2 Bedrooms | 77 | 96 | +24.7% |
| 3 Bedrooms | 160 | 166 | +3.8% |
| 4 Bedrooms | 57 | 60 | +5.3% |
| 5+ Bedrooms | 120 | 112 | -6.7% |
Summary: The Worcester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 130 | +23.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester, you could pay more than the asking price. 64.6% of homes here sold above asking price last month.
Summary: A total of 130 homes were sold or pending in Worcester in October 2024, up by 23.8% month-over-month. Of the 130 sold homes, 28% were sold under asking, 8% were sold at asking, and 65% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +19.1% |
Summary: Homes in Worcester had an average of 28 days on market in Oct 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 130 homes were sold in Worcester; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
