Is Leominster, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Leominster has remained a Seller's Market.
Housing Prices in Leominster, MA
How much do homes in Leominster, MA cost?
Median Sold Price
$417,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Leominster was $417,500 in April 2024, up 7.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.5K | $226.8K | +15.4% |
2 Bedrooms | $269.9K | $289.9K | +7.4% |
3 Bedrooms | $405K | $449.5K | +11.0% |
4 Bedrooms | $475K | $490K | +3.2% |
5+ Bedrooms | $510K | $564.2K | +10.6% |
Summary: Leominster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in Leominster, MA
How many homes are available in Leominster, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 82 | -5.7% |
Summary: The Leominster real estate market had 82 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 26 | 24 | -7.7% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 17 | 11 | -35.3% |
Summary: The Leominster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 35.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Leominster in April 2024, up by 26.9% month-over-month. Of the 33 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +34.5% |
Summary: Homes in Leominster had an average of 24 days on market in Apr 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Leominster; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.