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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Weymouth is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in South Weymouth, MA cost?

Median Sold Price

$525,000

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$61,000(+13.1%)

Key Takeaway

Homes in South Weymouth have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $226K$236K
+4.4%
2 $320K$367.4K
+14.8%
3 $537K$585K
+8.9%
4 $579.9K$645.7K
+11.4%
5+ $675K$798.7K
+18.3%

Median Sold Price Compared To Nearby Cities

South Weymouth
+13.1%
Weymouth
+10.8%
Weymouth Town
+10.6%
Braintree Town
+6.3%
East Weymouth
+6.0%

How many homes are available in South Weymouth, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
8767-23.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 66
0.0%
2 2817
-39.3%
3 2619
-26.9%
4 2121
0.0%
5+ 64
-33.3%

Number of Homes Sold

Jun 2022Jul 2022%
3124-22.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Weymouth, you could pay more than the asking price. 79.2% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
20 Days15 Days-23.1%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About South Weymouth, MA

South Weymouth, MA has 67 homes on the market. The number of homes for sale in South Weymouth, MA decreased by 23% between June 2022 and July 2022. The median list price of listings available in July 2022 was $525,000, while the average time on the real estate market was 15 days. This housing market listing prices have changed between June 2022 and July 2022: prices of 1 bedroom properties went up by 4.4%, the cost of 2 bedrooms properties went up by 14.8%, prices of 3 bedrooms properties went up by 8.9%, 4 bedrooms properties prices increased by 11.4%, 5 bedrooms properties prices increased by 18.3%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 39.3%, 3 bedrooms homes became 26.9% less available, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes decreased by 33.3%. In July 2022, from all listings sold in South Weymouth, MA there were more than 19 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.

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