2020 Leominster Year in Review

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Want to know how the Leominster, Massachusetts real estate market is doing? In this 2020 Year in Review Housing Report, we’re looking at home sales in Leominster in 2020 compared to 2019 and how the market performed in that area.

leominster yir 20

Home Sales Down 5.7% + Prices Up 14.1%

As of December 31, 2020, there were 598 homes sold in Leominster over 634 in 2019, a 5.7% decrease. Average prices increased by 14.1% to $274,889 over 2019 when prices were $240,876.  These metrics include single families, condos, and multi-families.

Homes Listed in Leominster:

In 2020, there were 635 homes listed in Leominster, down 5.1% from 2019 when there were 669 placed on the market.

Homes Pending in Leominster:

There were 622 homes placed under contract in Leominster in 2020, up .7% from 2019 when there were 618.

Outlook

The pandemic and the shutdown in spring halted the Leominster market until mid-summer when things opened back up again.  From that point until the end of the year, buyers and sellers were very active but not enough to catch sales up enough to beat 2019.  2021 is predicted to be a very busy year and we are likely to see the number of sales rise year over year and prices continue to increase.


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