MID-YEAR 2024 Leominster, MA
Real Estate Market Recap

  • Leominster, MA home sales increased by 2.7% as there were 187 sales in the first half of 2024 compared to 182 in the first half of 2023. Average price increased by 15.7% going from $368,352 in the first half of 2023 to $426,097 in the first half of 2024. These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic to the right.
  • The number of homes listed in the first half of 2024 compared to the first half of 2023 increased by 4.9%, moving from 204 to 214.
  • The number of pending sales increased by 13.1% with 216 in the first half of 2024 compared to 191 in the first half of 2023.
Learn More About the Leominster, MA Community
2024 midyear Leominster, MA snapshot

2024 Leominster, MA Housing Market Outlook

The beginning of the year is typically a seller’s market due to limited housing supply and intense buyer competition. This imbalance often results in bidding wars and escalating home prices. As the year advances, more buyers find homes or renew leases, while a growing number of homeowners list their properties, especially those undergoing life changes. This shift tends to create a more buyer-friendly market in the latter half of the year with increased housing options and less competition. Sellers may need to adjust their pricing to attract buyers in this changing market. With mortgage rates holding steady in the high 6% to low 7% range and home values continuing to rise, buyers must remain informed and prepared to take advantage of opportunities, especially if interest rates unexpectedly fall.

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Mid-Year Report.

Data provided by Warren Group & MLSPin and compared to the prior year.

Additional Resources