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 September 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

$752,500

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$37,500(+5.2%)

Key Takeaway

Homes in Westford have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Westford was $752,500 in September 2024, up 5.2% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $407.2K$407K
-0.1%
2 $465K$528.5K
+13.7%
3 $615K$701K
+14.0%
4 $994K$1.1M
+10.7%
5+ $1.0M$875K
-18.0%

Summary: Westford housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 18%.

Median Sold Price Compared To Nearby Cities

Tyngsborough
+25.1%
Chelmsford
+7.9%
North Chelmsford
+6.4%
Westford
+5.2%
Littleton
+1.7%

Housing Supply in Westford, MA

How many homes are available in Westford, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9161-33.0%

Summary: The Westford real estate market had 61 homes for sale in September 2024, a 33.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2520
-20.0%
3 2518
-28.0%
4 3520
-42.9%
5+ 63
-50.0%

Summary: The Westford housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4514-68.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westford, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Westford in September 2024, down by 68.9% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% 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

Sep 2023Sep 2024CHANGE
15 Days26 Days+73.1%

Summary: Homes in Westford had an average of 26 days on market in Sep 2024, up by 73.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 14 homes were sold in Westford; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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

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