Home Values

Worcester Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$181,900

  • 1.6% 1-year change
  • 1.3% 1-year forecast

The median home value in Worcester is $181,900. Worcester home values have gone up 1.6% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Worcester is $136, which is lower than the Worcester Metro average of $151. The median price of homes currently listed in Worcester is $189,900 while the median price of homes that sold is $169,950. The median rent price in Worcester is $1,095, which is lower than the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Worcester 2.7 homes are foreclosed (per 10,000). This is lower than the Worcester Metro value of 3.7 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Worcester is 9.1%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Worcester homeowners underwater on their mortgage is 27.6%, which is higher than Worcester Metro at 17.4%.

Read more
Relative ZHVI
- +

Worcester Market Overview

Data through Nov 30, 2014
  • $181,900 ZHVI
  • 1.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $189,900 Median listing price
  • $169,950 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Worcester Market Health

Data through Nov 30, 2014
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 27.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.7 homes Worcester
3.7 homes Worcester Metro
4.2 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Shrewsbury $334,800
Grafton $303,900
Boylston $290,900
Name Median ZHVI
Paxton $253,500
Holden $252,300
West Boylston $234,400
Name Median ZHVI
Millbury $223,400
Auburn $216,900
Leicester $209,600

Listings & Sales

Data through Nov 30, 2014
  • $136 Median list price / sq ft
  • $128 Median sale price / sq ft
  • No data Listings with price cut
25.0%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Worcester Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,392 Worcester
    $1,465 Worcester Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,095 Rent list price
  • $0.97 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading