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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worcester County is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Worcester County, MA cost?

Median Sold Price

$400,294

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$40,786(+11.3%)

Key Takeaway

Homes in Worcester County have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $168K$192K
+14.3%
2 $274.9K$300.2K
+9.2%
3 $350K$395K
+12.9%
4 $464.2K$510.4K
+10.0%
5+ $414.9K$475.5K
+14.6%

Median Sold Price Compared To Nearby Counties

Worcester County
+11.3%
Hampshire County
+9.6%
Middlesex County
+9.1%
Norfolk County
+8.7%
Franklin County
+7.6%

How many homes are available in Worcester County, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
3,4383,140-8.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 6861
-10.3%
2 580514
-11.4%
3 1,3621,275
-6.4%
4 913812
-11.1%
5+ 515478
-7.2%

Number of Homes Sold

Jul 2022Aug 2022%
986978-0.8%

Asking Price vs. Sold Price

239 Homes Were Sold
Under Asking

106 Homes Were Sold
At Asking

633 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worcester County, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
21 Days22 Days+3.5%

Breakdown of Home Sale Times

777 Homes Were Sold
Under 30 Days

187 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worcester County 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 County, MA

Worcester County, MA has 3,140 homes on the market. Between July 2022 and August 2022, Worcester County, MA real estate market has seen decrease in the number of listings by 8.7%. While the average time on the market in August 2022 was 22 days, the median list price was $400,294. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 14.3%, the cost of 2 bedrooms properties went up by 9.2%, prices of 3 bedrooms properties increased by 12.9%, 4 bedrooms properties prices increased by 10%, 5 bedrooms properties became 14.6% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 10.3%, volume of 2 bedrooms homes went down by 11.4%, 3 bedrooms homes inventory decreased by 6.4%, volume of 4 bedrooms homes went down by 11.1%, 5 bedrooms homes inventory decreased by 7.2%. While more than 633 listings in Worcester County, MA in August 2022 were sold above asking price, there were more than 106 listings sold at asking price, and more than 239 were sold below.

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