Is Leicester, 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, 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
$416,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Leicester have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Leicester was $416,000 in March 2024, up 10.9% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $150K | -45.5% |
| 2 Bedrooms | $315K | $357K | +13.3% |
| 3 Bedrooms | $377.5K | $400.5K | +6.1% |
| 4 Bedrooms | $430K | $470K | +9.3% |
| 5+ Bedrooms | $411.5K | $535K | +30.0% |
Summary: Leicester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
| Leicester | $375K | $416K | +10.9% |
| Auburn | $415K | $428.2K | +3.2% |
Housing Supply in Leicester, MA
How many homes are available in Leicester, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 28 | +64.7% |
Summary: The Leicester real estate market had 28 homes for sale in March 2024, a 64.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Leicester 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 166.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leicester, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Leicester in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 35 Days | -28.0% |
Summary: Homes in Leicester had an average of 35 days on market in Mar 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leicester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Leicester; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
