2020 Worcester Year in Review

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

worcester yir 2020

Home Sales Down 1.4% + Prices Up 12.7%

As of December 31, 2020, Worcester home sales were down 1.4% over 2019.  There were 2,141 sales in 2020 over 2,172 in 2019.  Prices increased by 12.7% now at $283,966 over 2019 when prices averaged $252,047.

Homes Listed in Worcester:

In 2020, there were 2,266 Worcester homes listed on the market, down .6% over 2019 when 2,280 were listed.

Homes Pending in Worcester:

Worcester 2020 saw a .4% decrease in the number of homes placed under agreement with 2,150 over 2,158 in 2019.

Outlook

Despite the pandemic, the Worcester market performed very well.  It played catch up from Summer until the end of the year, and only being down by 31 sales year over year is pretty impressive after the utter halt in the market last March when the shut down began.  2021 is predicted to be a very busy year and likely to see the number of sales rise and prices continue to increase.


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