Is Worcester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worcester is a 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, NY

How much do homes in Worcester, NY cost?

Median Sold Price

$148,300

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,700(-19.8%)

Key Takeaway

Homes in Worcester have sold for 19.8% less than they did a year ago.

Summary: The median home sold price in Worcester was $148,300 in October 2024, down 19.8% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$113.5K
-26.8%
2 $127.2K$147K
+15.6%
3 $185K$176.3K
-4.7%
4 $224.2K$143.6K
-36.0%
5+ $273.2K$99K
-63.8%

Summary: Worcester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 36%, and 5+ bedroom homes decreased by 63.8%.

Median Sold Price Compared To Nearby Cities

Summit
+9.2%
Worcester
-19.8%
Harpersfield
-28.3%

Housing Supply in Worcester, NY

How many homes are available in Worcester, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1821+16.7%

Summary: The Worcester real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 911
+22.2%
4 44
0.0%
5+ 33
0.0%

Summary: The Worcester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worcester, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Worcester in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Worcester, NY

How long does it take to sell a home in Worcester, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
110 Days29 Days-73.5%

Summary: Homes in Worcester had an average of 29 days on market in Oct 2024, down by 73.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worcester are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Worcester; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Worcester, NY

Nearby Markets to Worcester, NY