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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leominster is a seller's market

Buyer's
Market

Difference Since February 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

$415,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,000(+6.4%)

Key Takeaway

Homes in Leominster have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Leominster was $415,000 in February 2024, up 6.4% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $192K$225K
+17.2%
2 $269K$285K
+5.9%
3 $405K$440K
+8.6%
4 $472.5K$490K
+3.7%
5+ $518K$550K
+6.2%

Summary: Leominster housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Lancaster
+12.7%
Fitchburg
+9.2%
Leominster
+6.4%
Lunenburg
+5.2%

Housing Supply in Leominster, MA

How many homes are available in Leominster, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7985+7.6%

Summary: The Leominster real estate market had 85 homes for sale in February 2024, a 7.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 85
-37.5%
2 1519
+26.7%
3 2629
+11.5%
4 1511
-26.7%
5+ 1521
+40.0%

Summary: The Leominster housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2519-24.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leominster, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Leominster in February 2024, down by 24.0% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% 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

Feb 2023Feb 2024CHANGE
29 Days28 Days-5.3%

Summary: Homes in Leominster had an average of 28 days on market in Feb 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 19 homes were sold in Leominster; 68% of homes were sold within 30 days, 32% 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 3 Days Ago

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