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 2021

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.

How much do homes in Leicester, MA cost?

Median Sold Price

$368,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$48,000(+15.0%)

Key Takeaway

Homes in Leicester have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $130K$322K
+147.7%
2 $251.5K$300K
+19.3%
3 $314K$370K
+17.8%
4 $410K$400K
-2.4%
5+ $405K$520K
+28.4%

Median Sold Price Compared To Nearby Cities

Spencer
+16.3%
Cherry Valley
+15.1%
Leicester
+15.0%
Auburn
+6.7%

How many homes are available in Leicester, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
5041-18.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 88
0.0%
3 2320
-13.0%
4 1310
-23.1%
5+ 53
-40.0%

Number of Homes Sold

Aug 2022Sep 2022%
1514-6.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 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. 64.3% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
20 Days25 Days+25.4%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 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.

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

About Leicester, MA

Leicester, MA has 41 homes for sale to choose from. The inventory of homes for sale in Leicester, MA between August 2022 and September 2022 decreased by 18%. In September 2022 median list price was $368,000 and the average listing age was 25 days. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties became 147.7% more expensive, prices of 2 bedrooms properties went up by 19.3%, prices of 3 bedrooms properties increased by 17.8%, 4 bedrooms properties prices decreased by 2.4%, prices of 5 bedrooms properties went up by 28.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 100%, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went down by 13%, volume of 4 bedrooms homes went down by 23.1%, the quantity of 5 bedrooms homes went down by 40%. Leicester, MA housing market in September 2022 saw over 9 listings sold above listed price, more than 1 sold at listed price and over 4 sold below.

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