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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worcester is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Worcester has remained a Seller's Market.

Key Takeaway

Worcester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Worcester, MA cost?

Median Sold Price

$365,368

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$52,725(+16.9%)

Key Takeaway

Homes in Worcester have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $141K$180K
+27.7%
2 $229.7K$255.3K
+11.2%
3 $305K$350.8K
+15.0%
4 $345K$412K
+19.4%
5+ $430.6K$500K
+16.1%

Median Sold Price Compared To Nearby Cities

Worcester
+16.9%
Auburn
+16.7%
Shrewsbury
+10.3%
Millbury
+8.5%
Cherry Valley
+5.1%

How many homes are available in Worcester, MA?

Number of Homes For Sale

Mar 2022Apr 2022%
477553+15.9%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 813
+62.5%
2 88100
+13.6%
3 178204
+14.6%
4 7084
+20.0%
5+ 133152
+14.3%

Number of Homes Sold

Mar 2022Apr 2022%
136116-14.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

96 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worcester, you could pay more than the asking price. 82.8% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
20 Days20 Days+2.2%

Breakdown of Home Sale Times

103 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worcester 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 Worcester, MA

Homes for sale in Worcester, MA have reached 553. The number of listings in Worcester, MA increased by 15.9% between March 2022 and April 2022. The median list price of listings available in April 2022 was $365,368, while the average time on the real estate market was 20 days. Real estate listing prices changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 27.7%, 2 bedrooms properties prices increased by 11.2%, prices of 3 bedrooms properties increased by 15%, prices of 4 bedrooms properties increased by 19.4%, prices of 5 bedrooms properties increased by 16.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 62.5% more available, 2 bedrooms homes became 13.6% more available, the quantity of 3 bedrooms homes went up by 14.6%, volume of 4 bedrooms homes went up by 20%, volume of 5 bedrooms homes went up by 14.3%. Worcester, MA housing market in April 2022 saw over 96 listings sold above listed price, more than 6 sold at listed price and over 14 sold below.

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