Is Worcester County, 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, Worcester County has remained a Seller's Market.
Housing Prices in Worcester County, MA
How much do homes in Worcester County, MA cost?
Median Sold Price
$449,996
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Worcester County was $449,996 in March 2024, up 7.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $235K | +17.5% |
2 Bedrooms | $325K | $351.3K | +8.1% |
3 Bedrooms | $410K | $434.5K | +6.0% |
4 Bedrooms | $525.6K | $584K | +11.1% |
5+ Bedrooms | $507.1K | $550K | +8.4% |
Summary: Worcester County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Counties
Franklin County | $295K | $325K | +10.2% |
Worcester County | $418.1K | $449.9K | +7.6% |
Middlesex County | $715.2K | $765.6K | +7.0% |
Norfolk County | $650.4K | $695.6K | +7.0% |
Hampshire County | $381.2K | $400K | +4.9% |
Housing Supply in Worcester County, MA
How many homes are available in Worcester County, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,639 | 1,817 | +10.9% |
Summary: The Worcester County real estate market had 1,817 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 42 | +7.7% |
2 Bedrooms | 372 | 409 | +9.9% |
3 Bedrooms | 601 | 646 | +7.5% |
4 Bedrooms | 383 | 440 | +14.9% |
5+ Bedrooms | 244 | 280 | +14.8% |
Summary: The Worcester County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
404 | 468 | +15.8% |
Asking Price vs. Sold Price
147 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
258 Homes Were Sold
Over Asking
Summary: A total of 468 homes were sold or pending in Worcester County in March 2024, up by 15.8% month-over-month. Of the 468 sold homes, 31% were sold under asking, 13% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 35 Days | -16.7% |
Summary: Homes in Worcester County had an average of 35 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
317 Homes Were Sold
Under 30 Days
100 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Summary: During March 2024, 468 homes were sold in Worcester County; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.