Is Leominster, 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, Leominster has remained a Seller's Market.
Key Takeaway
Leominster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leominster, MA
How much do homes in Leominster, MA cost?
Median Sold Price
$416,666
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Leominster have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Leominster was $416,666 in March 2024, up 6.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $226.8K | +16.3% |
| 2 Bedrooms | $270K | $285K | +5.6% |
| 3 Bedrooms | $405K | $449K | +10.9% |
| 4 Bedrooms | $479.9K | $490K | +2.1% |
| 5+ Bedrooms | $518K | $564.2K | +8.9% |
Summary: Leominster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in Leominster, MA
How many homes are available in Leominster, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 83 | -6.7% |
Summary: The Leominster real estate market had 83 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 19 | 25 | +31.6% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 23 | 17 | -26.1% |
Summary: The Leominster housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 26.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leominster, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Leominster in March 2024, up by 4.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Leominster, MA
How long does it take to sell a home in Leominster, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +12.6% |
Summary: Homes in Leominster had an average of 32 days on market in Mar 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leominster are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Leominster; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
