Is East Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Weymouth has remained a Seller's Market.
Housing Prices in East Weymouth, MA
How much do homes in East Weymouth, MA cost?
Median Sold Price
$555,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Weymouth was $555,000 in March 2024, up 22% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $300K | +15.4% |
2 Bedrooms | $369K | $408K | +10.6% |
3 Bedrooms | $550K | $602.5K | +9.5% |
4 Bedrooms | $609K | $665K | +9.2% |
5+ Bedrooms | $810K | $722.5K | -10.8% |
Summary: East Weymouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
East Weymouth | $455K | $555K | +22.0% |
South Weymouth | $522.5K | $585K | +12.0% |
Weymouth Town | $519.8K | $560K | +7.7% |
Weymouth | $550K | $575K | +4.5% |
North Weymouth | $525K | $520K | -1.0% |
Housing Supply in East Weymouth, MA
How many homes are available in East Weymouth, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Summary: The East Weymouth real estate market had 36 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Weymouth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in East Weymouth in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 30 Days | -47.4% |
Summary: Homes in East Weymouth had an average of 30 days on market in Mar 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in East Weymouth; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.