Is Worcester County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Worcester County has remained a Seller's Market.
Key Takeaway
Worcester County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Worcester County, MA
How much do homes in Worcester County, MA cost?
Median Sold Price
$455,989
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Worcester County have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Worcester County was $455,989 in June 2024, up 8.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $237.9K | +13.3% |
| 2 Bedrooms | $330K | $359.7K | +9.0% |
| 3 Bedrooms | $412.3K | $440K | +6.7% |
| 4 Bedrooms | $539.6K | $590K | +9.3% |
| 5+ Bedrooms | $505.1K | $569.1K | +12.7% |
Summary: Worcester County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Counties
| Franklin County | $293.9K | $330.3K | +12.4% |
| Hampshire County | $376.8K | $414.2K | +9.9% |
| Middlesex County | $716.7K | $779.8K | +8.8% |
| Norfolk County | $650K | $705.6K | +8.5% |
| Worcester County | $420.7K | $455.9K | +8.4% |
Housing Supply in Worcester County, MA
How many homes are available in Worcester County, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,616 | 2,587 | -1.1% |
Summary: The Worcester County real estate market had 2,587 homes for sale in June 2024, a 1.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 68 | +30.8% |
| 2 Bedrooms | 516 | 474 | -8.1% |
| 3 Bedrooms | 979 | 987 | +0.8% |
| 4 Bedrooms | 698 | 698 | 0.0% |
| 5+ Bedrooms | 371 | 360 | -3.0% |
Summary: The Worcester County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 728 | 767 | +5.4% |
Asking Price vs. Sold Price
169 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
512 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester County, you could pay more than the asking price. 66.8% of homes here sold above asking price last month.
Summary: A total of 767 homes were sold or pending in Worcester County in June 2024, up by 5.4% month-over-month. Of the 767 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Worcester County, MA
How long does it take to sell a home in Worcester County, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -5.3% |
Summary: Homes in Worcester County had an average of 24 days on market in Jun 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
624 Homes Were Sold
Under 30 Days
114 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worcester County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 767 homes were sold in Worcester County; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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