Is Waltham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waltham has remained a Seller's Market.
Key Takeaway
Waltham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waltham, MA
How much do homes in Waltham, MA cost?
Median Sold Price
$788,050
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waltham have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Waltham was $788,050 in May 2024, up 10.6% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369.9K | $392K | +6.0% |
| 2 Bedrooms | $545K | $630K | +15.6% |
| 3 Bedrooms | $725K | $810K | +11.7% |
| 4 Bedrooms | $875K | $957.6K | +9.4% |
| 5+ Bedrooms | $963.7K | $1.1M | +14.1% |
Summary: Waltham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Waltham | $712.5K | $788K | +10.6% |
| Weston | $2.0M | $2.2M | +10.4% |
| Newton | $1.3M | $1.4M | +8.4% |
| Watertown Town | $796K | $815K | +2.4% |
| Watertown | $797.5K | $815K | +2.2% |
Housing Supply in Waltham, MA
How many homes are available in Waltham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 114 | -1.7% |
Summary: The Waltham real estate market had 114 homes for sale in May 2024, a 1.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Waltham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waltham, you could pay more than the asking price. 73.5% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Waltham in May 2024, the same as the previous month. Of the 34 sold homes, 18% were sold under asking, 9% were sold at asking, and 74% were sold over asking.
Days on Market for Waltham, MA
How long does it take to sell a home in Waltham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +6.1% |
Summary: Homes in Waltham had an average of 21 days on market in May 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waltham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Waltham; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
