Is East Worcester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Worcester has remained a Seller's Market.
Housing Prices in East Worcester, MA
How much do homes in East Worcester, MA cost?
Median Sold Price
$430,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Worcester was $430,500 in March 2024, up 12.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $172.9K | 0.3% |
2 Bedrooms | $275K | $300K | +9.1% |
3 Bedrooms | $370K | $406K | +9.7% |
4 Bedrooms | $375K | $434.9K | +16.0% |
5+ Bedrooms | $554.7K | $625K | +12.7% |
Summary: East Worcester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Hamilton | $365K | $466.9K | +27.9% |
East Worcester | $384K | $430.5K | +12.1% |
Grafton Hill | $385K | $405.5K | +5.3% |
Lake Park | $412.5K | $429K | +4.0% |
Housing Supply in East Worcester, MA
How many homes are available in East Worcester, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 73 | +28.1% |
Summary: The East Worcester real estate market had 73 homes for sale in March 2024, a 28.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The East Worcester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in East Worcester in March 2024, down by 5.6% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.
Days on Market for East Worcester, MA
How long does it take to sell a home in East Worcester, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 31 Days | -22.5% |
Summary: Homes in East Worcester had an average of 31 days on market in Mar 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in East Worcester; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.