Leominster, MA 01453 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent transaction value is the median sold price 419,000, which, combined with a hot market temperature and price year-over-year trend listed as up, suggests recent closed sales are anchoring a strengthening local price floor and should be used as the principal comparable when valuing SFR and condo offers.
2. There is a pronounced gap between the median listing price 584,500 and the median sold price 419,000, which may indicate pricing friction between seller expectations and actual transaction levels; sellers should consider pricing strategy alignment to avoid extended marketing time, and buyers should use the median sold price as the stronger negotiation anchor.
3. Median days on market 288 points to slower sales velocity in the sample despite the market being described as hot, which suggests transactions are concentrated in well-priced or standout properties while others experience extended time to contract; agents should emphasize targeted marketing and realistic pricing to improve liquidity.
4. Market fundamentals show a median price per square foot of 174, median market rent of 1,875, and current mortgage environment averaging 6.6%, with rent year-over-year trend up and interest rate pressure elevated; investors should weigh rising rents against higher financing costs and prioritize deals where cashflow or upside is supported by the documented rents and per‑square‑foot comparables.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.