Worcester, MA Home Sales and Real Estate Market Report (2019)

July

The Worcester Homes For Sale Market Report

Many of the recent reports have featured doom and gloom.  Not this one!!  Prices asked and paid in Worcester march higher. 

Can’t see the chart? You can find it Here .

There's no mystery as to why.  Look at the steady fall of properties on the market. It continues to fall, and the HSI is approaching 250, as the transaction volume is swamping the available supply.  

What should potential home buyers do in Worcester?

Home buyers should brace for bid wars and super competitive situations for many properties.  They should also be warned that some properties are going to get more then they are worth, as home buyers who are on a timeline out bid others for homes that are high risk, or in risky locations.  Don't assume popular is an indicator of fair value.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester?

Great time to sell! Honestly, I not sure how much better it could get, if you are in Worcester.

Worcester Homes For Sale and Sold Market Statistics - MLS Data

  • The Worcester “Home Seller Index” (HSI): 245 Last Report: 199
  • There are 120 homes currently listed as For Sale by Home Sellers.
  • In Worcester there have been 778 houses sold in the last 6 months, and 519 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 33 days for the last 6 months of SOLD homes In Worcester.
  • Homes for sale have been looking for buyers for an average of 70 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $175 (vs. $164 in the last report)
  • Current home sellers are looking for $174/sq foot
  • There was an Average Sold Price of $258,396.
  • Worcester, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

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