Is Southwick, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwick is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Southwick, MA cost?

Median Sold Price

$360,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$50,000(+16.1%)

Key Takeaway

Homes in Southwick have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $163K$198.2K
+21.6%
2 $234.7K$250K
+6.5%
3 $307.5K$330K
+7.3%
4 $432.5K$470K
+8.7%
5+ $464.2K$649.9K
+40.0%

Median Sold Price Compared To Nearby Cities

Feeding Hills
+16.5%
Southwick
+16.1%

How many homes are available in Southwick, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
3833-13.2%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 65
-16.7%
3 129
-25.0%
4 1414
0.0%
5+ 54
-20.0%

Number of Homes Sold

Jun 2022Jul 2022%
1210-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwick, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
25 Days22 Days-10.9%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southwick 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 Southwick, MA

There are 33 homes are for sale in Southwick, MA real estate market. Between June 2022 and July 2022, Southwick, MA real estate market has seen decrease in the number of listings by 13.2%. In July 2022 median list price was $360,000 and the average listing age was 22 days. Listing prices have changed in this real estate market between June 2022 and July 2022: 1 bedroom properties prices increased by 21.6%, prices of 2 bedrooms properties increased by 6.5%, 3 bedrooms properties became 7.3% more expensive, the cost of 4 bedrooms properties went up by 8.7%, the cost of 5 bedrooms properties went up by 40%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes inventory decreased by 25%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went down by 20%. In July 2022, from all listings sold in Southwick, MA there were more than 6 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price.

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