Is South Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jul 2021 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | $226K | $236K | +4.4% |
| 2 Bedrooms | $320K | $367.4K | +14.8% |
| 3 Bedrooms | $537K | $585K | +8.9% |
| 4 Bedrooms | $579.9K | $645.7K | +11.4% |
| 5+ Bedrooms | $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 2022 | Jul 2022 | % |
|---|---|---|
| 87 | 67 | -23.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2022 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 28 | 17 | -39.3% |
| 3 Bedrooms | 26 | 19 | -26.9% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Number of Homes Sold
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 31 | 24 | -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
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 2021 | Jul 2022 | % |
|---|---|---|
| 20 Days | 15 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
Key Takeaway
Many homes in South Weymouth are selling fast, if you're buying plan to act quickly.
