Is East Weymouth, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Weymouth is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, East Weymouth has remained a Seller's Market.

Key Takeaway

East Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Weymouth, MA

How much do homes in East Weymouth, MA cost?

Median Sold Price

$579,900

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$124,900(+27.5%)

Key Takeaway

Homes in East Weymouth have sold for 27.5% more than they did a year ago.

Summary: The median home sold price in East Weymouth was $579,900 in May 2024, up 27.5% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $252.5K$307.5K
+21.8%
2 $394.9K$406K
+2.8%
3 $540K$613.7K
+13.7%
4 $604.5K$672.5K
+11.2%
5+ $810K$727.5K
-10.2%

Summary: East Weymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Cities

East Weymouth
+27.5%
Weymouth Town
+10.8%
South Weymouth
+10.4%
Weymouth
+9.2%
North Weymouth
-4.5%

Housing Supply in East Weymouth, MA

How many homes are available in East Weymouth, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4339-9.3%

Summary: The East Weymouth real estate market had 39 homes for sale in May 2024, a 9.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 54
-20.0%
2 1210
-16.7%
3 1718
+5.9%
4 55
0.0%
5+ 42
-50.0%

Summary: The East Weymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Weymouth, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in East Weymouth in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 7% were sold under asking, 7% were sold at asking, and 86% were sold over asking.

Days on Market for East Weymouth, MA

How long does it take to sell a home in East Weymouth, MA?

Average Sale Time

May 2023May 2024CHANGE
13 Days18 Days+29.9%

Summary: Homes in East Weymouth had an average of 18 days on market in May 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Weymouth are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in East Weymouth; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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