MA · Metro #58

Worcester - MA housing market

The Worcester metro has a typical home value of $482,611, up 1.8% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$482,611
+1.8% vs. year ago
Median sale price
$448,705
+2.1% YoY
Median list price
$507,217
Sale-to-list ratio
100.4%
Selling above ask
Days on market
8d
Listings w/ price cut
18.6%
New listings / mo
1,078
+6.0% YoY
Homes for sale
2,014
+12.8% YoY
Typical rent
$2,182/mo
+2.2% YoY
Context

How to read this data

The typical home value ($482,611) is the Zillow Home Value Index for the Worcester - MA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.8% over the past year. In Worcester - MA, that means a home worth $474,078 last year is now worth roughly $482,611.

The median sale price , what homes actually close for , is $448,705. Homes are selling at 100.4% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Worcester - MA sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,078 new listings hit the market each month in Worcester - MA. There are currently 2,014 homes for sale, up 12.8% from a year ago.

The typical monthly rent in Worcester - MA is $2,182, up 2.2% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in MA

MetroHome value1-yr changeDays on market
Boston - MA$741,868 +1.6% 8.0d
Springfield - MA$376,017 +2.7% 9.0d
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