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Leominster, Massachusetts Quarter 1 2022 Market Report

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

 

Leominster, Massachusetts Market Report - Q1 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.”

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