Want to know how the Worcester, Massachusetts real estate market is doing? In this 2021 Year in Review Housing Report, we’re looking at home sales in Worcester in 2021 compared to 2020 and how the market performed in that area.
Home Sales Up 13.4% + Prices Up 17.6%
As of December 31, 2021, Worcester home sales were up 13.4% over 2020. There were 2,427 sales in 2021 over 2,141 in 2020. Prices increased by 17.6% now at $333,987 over 2020 when prices averaged $283,966.
Homes Listed in Worcester:
In 2021, there were 2,502 Worcester homes listed on the market, up 10.3% over 2020 when 2,268 were listed.
Homes Pending in Worcester:
Worcester 2021 saw a 9.3% increase in the number of homes placed under agreement with 2,347 over 2,148 in 2020.
Outlook
The Worcester market continues to remain incredibly active despite the ongoing COVID-19 pandemic with home sales increasing in every category. As expected, prices also increased in every category, and show no signs of going down anytime soon. After a slow start to the year in terms of inventory, 2022 is predicted to be a very busy and competitive year where the number of sales and prices will likely continue their ascent.