MA · Metro #58

Worcester - MA housing market

The Worcester metro has a typical home value of $478,242, up 1.6% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$478,242
+1.6% vs. year ago
Median sale price
$444,289
+0.9% YoY
Median list price
$496,600
Sale-to-list ratio
99.6%
Selling below ask
Days on market
10d
Listings w/ price cut
16.2%
New listings / mo
818
+4.5% YoY
Homes for sale
1,644
+11.0% YoY
Typical rent
$2,178/mo
+2.1% YoY
Context

How to read this data

The typical home value ($478,242) 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 1.6% over the past year. In Worcester - MA, that means a home worth $470,711 last year is now worth roughly $478,242.

The median sale price , what homes actually close for , is $444,289. Homes are selling at 99.6% of list price, meaning buyers have room to negotiate.

Homes listed in Worcester - MA sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 16.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 818 new listings hit the market each month in Worcester - MA. There are currently 1,644 homes for sale, up 11.0% from a year ago.

The typical monthly rent in Worcester - MA is $2,178, up 2.1% 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$736,881 +1.5% 9.0d
Springfield - MA$369,950 +2.4% 10.0d
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