Leominster, MA 01453 Real Estate Market Report

ZIP Code: 01453
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Leominster, MA as of March 2026 is characterized by a median sold price of $454,900, reflecting a stable market despite some recent fluctuations. The neighborhood has increased up since 2023, indicating a positive trend in property values. The current market conditions suggest sustained buyer demand, which continues to outpace available inventory, leading to elevated competition among buyers.

With a median days on market of 265, properties are taking longer to sell, which may indicate a shift towards a more balanced market. However, the elevated inventory levels relative to sales activity suggest that while demand remains strong, the market is experiencing some pressure, particularly as the median listing price stands at $486,250, creating a notable gap that may affect buyer engagement. Overall, the market temperature is classified as hot, driven by ongoing buyer interest and upward trends in rental prices, which are currently at a median of $2,254.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Leominster MA market average around 6.38% to 6.56%, which is notably higher than the 5.50%–5.75% lows forecasted for mid-2026, suggesting current borrowers locked in a more favorable rate.

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

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Key Findings

1. The median sold price in Leominster is $454,900, indicating a stable market with positive year-over-year trends.

2. With a median listing price of $486,250, there is a significant pricing gap that may create friction for buyers.

3. Properties are taking a median of 265 days on market, suggesting slower sales velocity despite strong demand.

4. The median market rent has risen to $2,254, reflecting ongoing pressure on housing affordability in the area.

5. Overall market conditions are classified as hot, driven by sustained buyer interest and elevated inventory levels.

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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.