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 March 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

$449,996

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,857(+7.6%)

Key Takeaway

Homes in Worcester County have sold for 7.6% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $200K$235K
+17.5%
2 $325K$351.3K
+8.1%
3 $410K$434.5K
+6.0%
4 $525.6K$584K
+11.1%
5+ $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
+10.2%
Worcester County
+7.6%
Middlesex County
+7.0%
Norfolk County
+7.0%
Hampshire County
+4.9%

Housing Supply in Worcester County, MA

How many homes are available in Worcester County, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,6391,817+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

# BEDSFeb 2024Mar 2024CHANGE
1 3942
+7.7%
2 372409
+9.9%
3 601646
+7.5%
4 383440
+14.9%
5+ 244280
+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 2024Mar 2024CHANGE
404468+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worcester County, you could pay more than the asking price. 55.1% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
42 Days35 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worcester County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Worcester County, MA

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What housing markets are near Worcester County, MA?