Is Westford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westford has remained a Seller's Market.
Key Takeaway
Westford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westford, MA
How much do homes in Westford, MA cost?
Median Sold Price
$735,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westford have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Westford was $735,000 in April 2024, up 8.1% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $414K | +7.5% |
| 2 Bedrooms | $480K | $460K | -4.2% |
| 3 Bedrooms | $625K | $643.6K | +3.0% |
| 4 Bedrooms | $925K | $1.0M | +8.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +17.9% |
Summary: Westford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $537.5K | $582.5K | +8.4% |
| Westford | $680K | $735K | +8.1% |
| North Chelmsford | $470K | $502.5K | +6.9% |
| Chelmsford | $575K | $575.2K | 0.0% |
| Littleton | $713.7K | $712.5K | -0.2% |
Housing Supply in Westford, MA
How many homes are available in Westford, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Summary: The Westford real estate market had 47 homes for sale in April 2024, a 30.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 13 | +116.7% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Westford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 116.7%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Westford in April 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Westford, MA
How long does it take to sell a home in Westford, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 25 Days | -31.5% |
Summary: Homes in Westford had an average of 25 days on market in Apr 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
8 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 Westford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Westford; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
