2024 Leominster, MA
year in review
Real Estate Market Recap

In 2024, the Leominster real estate market fought hard to beat 2023 and exhibited slightly more sales and higher prices, reflecting national trends driven by strong demand and limited inventory. Many sellers were diffidence to list as they held onto their low pre-pandemic mortgage rates, but life changes and shifting needs brought more activity, with competitive pricing becoming necessary. Buyers continued their search despite rising interest rates and home prices. Those serious about purchasing must stay dynamic and prepared to act quickly when a good opportunity arises.

The market, which initially favored sellers, saw momentum shift toward buyers later in the year, with expectations for a recovery in 2025. Despite affordability concerns, homeownership remained pleasurable, providing long-term benefits like stable payments, equity growth, and tax advantages. As Anthony stated in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Year in Review.