Is Leicester, 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, Leicester has remained a Seller's Market.
Key Takeaway
Leicester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leicester, MA
How much do homes in Leicester, MA cost?
Median Sold Price
$419,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leicester have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Leicester was $419,000 in May 2024, up 9.5% 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 | $275K | $150K | -45.5% |
| 2 Bedrooms | $332.5K | $375K | +12.8% |
| 3 Bedrooms | $375K | $400.5K | +6.8% |
| 4 Bedrooms | $460K | $431.5K | -6.2% |
| 5+ Bedrooms | $389K | $605K | +55.5% |
Summary: Leicester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 55.5%.
Median Sold Price Compared To Nearby Cities
| Paxton | $429.9K | $482.5K | +12.2% |
| Leicester | $382.5K | $419K | +9.5% |
| Rochdale | $400K | $434.9K | +8.7% |
| Cherry Valley | $363.5K | $385K | +5.9% |
| Auburn | $406K | $427.5K | +5.3% |
Housing Supply in Leicester, MA
How many homes are available in Leicester, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Leicester real estate market had 34 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Leicester 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 28.6%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leicester, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Leicester in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Leicester, MA
How long does it take to sell a home in Leicester, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 27 Days | -54.0% |
Summary: Homes in Leicester had an average of 27 days on market in May 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leicester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Leicester; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
