Is Leicester, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leicester is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Leicester has remained a Seller's Market.

Key Takeaway

Leicester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Leicester, MA

How much do homes in Leicester, MA cost?

Median Sold Price

$410,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,500(+4.7%)

Key Takeaway

Homes in Leicester have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Leicester was $410,000 in September 2024, up 4.7% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$215K
N/A
2 $356.8K$375K
+5.1%
3 $385K$400K
+3.9%
4 $450K$449.9K
0%
5+ $432.5K$605K
+39.9%

Summary: Leicester housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 39.9%.

Median Sold Price Compared To Nearby Cities

Paxton
+5.3%
Leicester
+4.7%
Auburn
+1.8%

Housing Supply in Leicester, MA

How many homes are available in Leicester, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
43430.0%

Summary: The Leicester real estate market had 43 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 118
-27.3%
3 1716
-5.9%
4 1012
+20.0%
5+ 46
+50.0%

Summary: The Leicester housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leicester, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Leicester in September 2024, down by 38.5% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Leicester, MA

How long does it take to sell a home in Leicester, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days16 Days-43.6%

Summary: Homes in Leicester had an average of 16 days on market in Sep 2024, down by 43.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Leicester; 100% of homes were sold within 30 days, 0% 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 30 Days Ago

Newest Listings in Leicester, MA

Nearby Markets to Leicester, MA

What housing markets are near Leicester, MA?