Is South 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, 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.
Housing Prices in South Weymouth, MA
How much do homes in South Weymouth, MA cost?
Median Sold Price
$585,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Weymouth have sold for 12% more than they did a year ago.
Summary: The median home sold price in South Weymouth was $585,000 in March 2024, up 12% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $270K | -0.9% |
| 2 Bedrooms | $365K | $384.5K | +5.3% |
| 3 Bedrooms | $560K | $630K | +12.5% |
| 4 Bedrooms | $707.5K | $782K | +10.5% |
| 5+ Bedrooms | $787.5K | $749.9K | -4.8% |
Summary: South Weymouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 4.8%.
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% |
| Braintree Town | $615K | $648.7K | +5.5% |
| Weymouth | $550K | $575K | +4.5% |
Housing Supply in South Weymouth, MA
How many homes are available in South Weymouth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The South Weymouth real estate market had 44 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Weymouth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Weymouth, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in South Weymouth in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for South Weymouth, MA
How long does it take to sell a home in South Weymouth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 15 Days | -29.5% |
Summary: Homes in South Weymouth had an average of 15 days on market in Mar 2024, down by 29.5% 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
Key Takeaway
Many homes in South Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in South 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.
