Is Southern Worcester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southern Worcester has remained a Seller's Market.
Housing Prices in Southern Worcester, MA
How much do homes in Southern Worcester, MA cost?
Median Sold Price
$386,280
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southern Worcester was $386,280 in April 2024, up 4.4% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $220K | +4.8% |
2 Bedrooms | $250K | $259.5K | +3.8% |
3 Bedrooms | $380K | $389.9K | +2.6% |
4 Bedrooms | $377.5K | $420K | +11.3% |
5+ Bedrooms | $538.5K | $600K | +11.4% |
Summary: Southern Worcester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Neighborhoods
South Worcester | $327K | $381.7K | +16.7% |
Southern Worcester | $370K | $386.2K | +4.4% |
Vernon Hill | $495K | $500K | +1.0% |
Housing Supply in Southern Worcester, MA
How many homes are available in Southern Worcester, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 67 | +11.7% |
Summary: The Southern Worcester real estate market had 67 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Southern Worcester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Southern Worcester in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.
Days on Market for Southern Worcester, MA
How long does it take to sell a home in Southern Worcester, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 12 Days | -58.5% |
Summary: Homes in Southern Worcester had an average of 12 days on market in Apr 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Southern Worcester; 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.