Quarter 1 – Leominster, Massachusetts Market Report as of April 1, 2022

Single Family Home Sales:

• Median Sales Price is Up 9%  ($392,000) from Q1 2021 ($359,000)
• Total Number of Sales is About Even (64) from Q1 2021 (65)
• 10 Active Listings on 4/1/2022 – Down 7 from 4/1/2021

Condominium Sales:

• Median Sales Price is Up 11% ($240,000) from Q1 2021 ($215,500)
• Total Number of Sales is About Even (27) from Q1 2021 (26)
• 3 Active Listings on 4/1/2022 – Down 1 from 4/1/2021

~ Inventory Remains Tight

~ 20 Median Days on Market (Avg. 9 to Offer)

~ 102% Sold to List Ratio

~ Rising Mortgage Rates May Curb Appreciation in 2022

“Low Inventory and Continued High Demand is Driving Multiple Offer Situations in the Majority of Sales.”