Is North Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, North Weymouth has remained a Seller's Market.
Key Takeaway
North Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Weymouth, MA
How much do homes in North Weymouth, MA cost?
Median Sold Price
$515,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in North Weymouth have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in North Weymouth was $515,000 in June 2024, down 4.6% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.2K | $350K | +30.5% |
| 2 Bedrooms | $444.9K | $478.9K | +7.7% |
| 3 Bedrooms | $550K | $610K | +10.9% |
| 4 Bedrooms | $610K | $638.5K | +4.7% |
| 5+ Bedrooms | $740K | $725K | -2.0% |
Summary: North Weymouth housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $475K | $575K | +21.1% |
| Weymouth Town | $520.2K | $577.8K | +11.1% |
| Braintree | $625K | $658.5K | +5.4% |
| Hingham | $1.1M | $1.1M | +1.8% |
| North Weymouth | $540K | $515K | -4.6% |
Housing Supply in North Weymouth, MA
How many homes are available in North Weymouth, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The North Weymouth real estate market had 32 homes for sale in June 2024, a 33.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Weymouth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 125%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Weymouth, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in North Weymouth in June 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for North Weymouth, MA
How long does it take to sell a home in North Weymouth, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 24 Days | +5.0% |
Summary: Homes in North Weymouth had an average of 24 days on market in Jun 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in North Weymouth; 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.
