Is Leominster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Leominster has remained a Seller's Market.
Key Takeaway
Leominster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leominster, MA
How much do homes in Leominster, MA cost?
Median Sold Price
$420,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leominster have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Leominster was $420,000 in May 2024, up 7.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $227.5K | +15.8% |
| 2 Bedrooms | $271K | $295K | +8.9% |
| 3 Bedrooms | $410K | $449.4K | +9.6% |
| 4 Bedrooms | $472.5K | $494.9K | +4.8% |
| 5+ Bedrooms | $507.5K | $564.2K | +11.2% |
Summary: Leominster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Leominster, MA
How many homes are available in Leominster, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 97 | +4.3% |
Summary: The Leominster real estate market had 97 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 26 | 22 | -15.4% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Leominster housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leominster, you could pay more than the asking price. 67.7% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Leominster in May 2024, down by 8.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 6% were sold at asking, and 68% were sold over asking.
Days on Market for Leominster, MA
How long does it take to sell a home in Leominster, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +17.3% |
Summary: Homes in Leominster had an average of 23 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leominster are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Leominster; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
