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 June 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

$737,000

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$25,333(+3.6%)

Key Takeaway

Homes in Westford have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Westford was $737,000 in June 2024, up 3.6% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $385K$414K
+7.5%
2 $495K$499.9K
+1.0%
3 $640K$679.3K
+6.1%
4 $940K$1.0M
+9.0%
5+ $1.1M$852K
-23.3%

Summary: Westford housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 23.3%.

Median Sold Price Compared To Nearby Cities

Tyngsborough
+22.2%
North Chelmsford
+7.2%
Chelmsford
+5.9%
Westford
+3.6%
Littleton
+0.9%

Housing Supply in Westford, MA

How many homes are available in Westford, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
88101+14.8%

Summary: The Westford real estate market had 101 homes for sale in June 2024, a 14.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 2230
+36.4%
3 2425
+4.2%
4 3742
+13.5%
5+ 53
-40.0%

Summary: The Westford housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1631+93.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

22 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. 71% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Westford in June 2024, up by 93.8% month-over-month. Of the 31 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% 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

Jun 2023Jun 2024CHANGE
12 Days24 Days+87.7%

Summary: Homes in Westford had an average of 24 days on market in Jun 2024, up by 87.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

Summary: During June 2024, 31 homes were sold in Westford; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Westford, MA

Nearby Markets to Westford, MA

What housing markets are near Westford, MA?