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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westford is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Westford, MA cost?

Median Sold Price

$696,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$38,500(+5.9%)

Key Takeaway

Homes in Westford have sold for 5.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $250K$322.5K
+29.0%
2 $425K$475K
+11.8%
3 $593K$620K
+4.6%
4 $840K$920K
+9.5%
5+ $875.5K$1.0M
+21.1%

Median Sold Price Compared To Nearby Cities

Littleton
+24.3%
North Chelmsford
+16.9%
Chelmsford
+9.7%
Westford
+5.9%
Tyngsborough
+5.3%

How many homes are available in Westford, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
7849-37.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 1913
-31.6%
3 2716
-40.7%
4 2716
-40.7%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
3317-48.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westford, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days23 Days+22.0%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westford 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 Westford, MA

Number of homes for sale in Westford, MA real estate market have reached 49. The number of homes for sale in Westford, MA decreased by 37.2% between September 2022 and October 2022. The median list price of listings available in October 2022 was $696,000, while the average time on the real estate market was 23 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 29%, prices of 2 bedrooms properties went up by 11.8%, 3 bedrooms properties prices increased by 4.6%, 4 bedrooms properties prices increased by 9.5%, 5 bedrooms properties became 21.1% more expensive. This housing market inventory have changed: number of 1 bedroom homes decreased by 50%, 2 bedrooms homes inventory decreased by 31.6%, number of 3 bedrooms homes decreased by 40.7%, 4 bedrooms homes inventory decreased by 40.7%, volume of 5 bedrooms homes stayed the same. While more than 11 listings in Westford, MA in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below.

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