Is South Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Weymouth was a Seller's Market.
Housing Prices in South Weymouth, MA
How much do homes in South Weymouth, MA cost?
Median Sold Price
$585,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Weymouth was $585,000 in May 2024, up 10.4% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.7K | $274.9K | +4.2% |
2 Bedrooms | $350K | $375K | +7.1% |
3 Bedrooms | $560K | $650K | +16.1% |
4 Bedrooms | $730K | $812.5K | +11.3% |
5+ Bedrooms | $775K | $740K | -4.5% |
Summary: South Weymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 4.5%.
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% |
Braintree Town | $623.5K | $655.6K | +5.2% |
Housing Supply in South Weymouth, MA
How many homes are available in South Weymouth, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 77 | +48.1% |
Summary: The South Weymouth real estate market had 77 homes for sale in May 2024, a 48.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 10 | +100.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 21 | 31 | +47.6% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The South Weymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 47.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Weymouth in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for South Weymouth, MA
How long does it take to sell a home in South Weymouth, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -23.7% |
Summary: Homes in South Weymouth had an average of 19 days on market in May 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in South Weymouth; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.