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 November 2022

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.

Housing Prices in Worcester, MA

How much do homes in Worcester, MA cost?

Median Sold Price

$414,280

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$26,868(+6.9%)

Key Takeaway

Homes in Worcester have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Worcester was $414,280 in November 2023, up 6.9% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $180K$191.7K
+6.5%
2 $285.4K$300K
+5.1%
3 $374.7K$405K
+8.1%
4 $425.6K$445K
+4.5%
5+ $549.1K$593K
+8.0%

Summary: Worcester housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Shrewsbury
+10.1%
Millbury
+9.5%
Auburn
+8.3%
Worcester
+6.9%
Cherry Valley
-6.0%

Housing Supply in Worcester, MA

How many homes are available in Worcester, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
414378-8.7%

Summary: The Worcester real estate market had 378 homes for sale in November 2023, a 8.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 96
-33.3%
2 7684
+10.5%
3 146132
-9.6%
4 6964
-7.2%
5+ 11492
-19.3%

Summary: The Worcester housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 19.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
126106-15.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

73 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. 68.9% of homes here sold above asking price last month.

Summary: A total of 106 homes were sold or pending in Worcester in November 2023, down by 15.9% month-over-month. Of the 106 sold homes, 18% were sold under asking, 13% were sold at asking, and 69% were sold over asking.

Days on Market for Worcester, MA

How long does it take to sell a home in Worcester, MA?

Average Sale Time

Nov 2022Nov 2023CHANGE
28 Days21 Days-25.1%

Summary: Homes in Worcester had an average of 21 days on market in Nov 2023, down by 25.1% compared to last year.

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 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.

Summary: During November 2023, 106 homes were sold in Worcester; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% 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

Newest Listings in Worcester, MA

Nearby Markets to Worcester, MA

What housing markets are near Worcester, MA?