Is Vernon Hill, 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, Vernon Hill has remained a Seller's Market.
Housing Prices in Vernon Hill, MA
How much do homes in Vernon Hill, MA cost?
Median Sold Price
$490,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vernon Hill was $490,000 in March 2024, down 2.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $165K | +6.5% |
2 Bedrooms | $230K | $245K | +6.5% |
3 Bedrooms | $243K | $307.5K | +26.5% |
4 Bedrooms | $403.7K | $420K | +4.0% |
5+ Bedrooms | $580K | $653.5K | +12.7% |
Summary: Vernon Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
South Worcester | $285K | $375K | +31.6% |
Southern Worcester | $365K | $385K | +5.5% |
Vernon Hill | $503K | $490K | -2.6% |
Housing Supply in Vernon Hill, MA
How many homes are available in Vernon Hill, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The Vernon Hill real estate market had 16 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Vernon Hill 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 200%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Vernon Hill in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Vernon Hill, MA
How long does it take to sell a home in Vernon Hill, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 19 Days | -57.0% |
Summary: Homes in Vernon Hill had an average of 19 days on market in Mar 2024, down by 57% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Vernon Hill; 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.