Homes For Sale in Worcester Market Report

Pressure continues on the home prices in Worcester, as it posts a new record for the HSI (117) and for such a large section of inventory, that is certainly notable in and of itself. We also see prices continue to rise - to $118 a square foot - with over 33% of the homes for sale not closed yet, so that will likely continue to climb. Worcester joins the towns and cities that see prices up 10% or more over the last 18 months, and with the number on homes for sale less than half what they were in July 2011, things are likely to continue.

 

 

 

Note: The chart above updates automatically with each new real estate market post, so make sure the comments you are reading line up with the time the post was published.

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

Rising prices in Worcester will put pressure on all surrounding towns. That means we will continue to see prices raising in most of the other towns in this report, as things in the middle get squeezed between the two metropolitan areas.

 

 

Find Your Next Home or Check out the Competition!

 

I'll be looking at Worcester for when this current cycle has topped out, but there's no sign of that in this report.

 

Worcester Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Worcester “Home Seller Index” (HSI):117 Last Report: 115
  • There are 337 homes listed as For Sale in Worcester.

    Home Buyers are finding less selection-

    and higher home prices

    In Worcester
  • There have been 704 houses sold in the last 6 months, and 503 homes sold in the last 3 months.
  • The Average number of Days on Market was 111 days for just SOLD homes.
  • There is an Average Market Time of 132 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $118 (vs. $112 )
  • There was an Average Sold Price of $185519 for sold homes.
  • Worcester ,MA, has 11 properties (vs. 13 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Worcester has 32 properties (vs. 29) advertised as a short-sale is going to be needed by lender .

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

More Great Reads!

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

Do Good Things Today! Matt Heisler

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.