Is Weymouth Town, 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, Weymouth Town has remained a Seller's Market.
Key Takeaway
Weymouth Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weymouth Town, MA
How much do homes in Weymouth Town, MA cost?
Median Sold Price
$575,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weymouth Town have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Weymouth Town was $575,000 in May 2024, up 10.8% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.7K | $295K | +16.3% |
| 2 Bedrooms | $395K | $425K | +7.6% |
| 3 Bedrooms | $555.1K | $617K | +11.1% |
| 4 Bedrooms | $642.5K | $700K | +8.9% |
| 5+ Bedrooms | $737.5K | $740K | 0.3% |
Summary: Weymouth Town housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $455K | $579.9K | +27.5% |
| Weymouth Town | $518.9K | $575K | +10.8% |
| South Weymouth | $530K | $585K | +10.4% |
| Weymouth | $540.5K | $590K | +9.2% |
| North Weymouth | $539K | $515K | -4.5% |
Housing Supply in Weymouth Town, MA
How many homes are available in Weymouth Town, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 182 | +16.7% |
Summary: The Weymouth Town real estate market had 182 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 21 | +31.3% |
| 2 Bedrooms | 40 | 36 | -10.0% |
| 3 Bedrooms | 63 | 80 | +27.0% |
| 4 Bedrooms | 24 | 30 | +25.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Weymouth Town housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 42 | -20.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weymouth Town, you could pay more than the asking price. 81% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Weymouth Town in May 2024, down by 20.8% month-over-month. Of the 42 sold homes, 12% were sold under asking, 7% were sold at asking, and 81% were sold over asking.
Days on Market for Weymouth Town, MA
How long does it take to sell a home in Weymouth Town, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 20 Days | -8.5% |
Summary: Homes in Weymouth Town had an average of 20 days on market in May 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weymouth Town are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Weymouth Town; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
