The Institution Park housing market is very competitive. The median sale price of a home in Institution Park was $300K last month, up 9.7% since last year. The median sale price per square foot in Institution Park is $277, up 57.4% since last year.
What is the housing market like in Institution Park today?
In March 2024, Institution Park home prices were up 9.7% compared to last year, selling for a median price of $300K. On average, homes in Institution Park sell after 14 days on the market compared to 36 days last year. There were 7 homes sold in March this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$299,999
+9.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Institution Park, MA
$299,999
+9.7%
United States
To compare other locations to the Institution Park and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Worcester add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Institution Park housing market?
Institution Park is very competitive. Homes sell in 15.5 days.
0
100
89
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 16 days.
Hot homes
can sell for about 10% above list price and go pending in around 7 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Institution Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Institution Park.
Risk Factor
Flood Factor - Moderate
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Institution Park has a moderate risk of flooding. 105 properties in Institution Park are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Institution Park. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Institution Park has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Institution Park is most at risk from hurricanes. 819 properties in Institution Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Institution Park has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Institution Park have a Moderate Heat Factor®.
Institution Park is expected to see a 142% increase in the number of days over 93ºF over the next 30 years. Institution Park is expected to experience 8