Is Westport, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Westport was a Buyer's Market.
Key Takeaway
Westport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westport, MA
How much do homes in Westport, MA cost?
Median Sold Price
$669,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Westport have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Westport was $669,500 in March 2024, up 13.1% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $354K | -26.3% |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $550K | $664.5K | +20.8% |
| 4 Bedrooms | $735K | $822.6K | +11.9% |
| 5+ Bedrooms | $805K | $581K | -27.8% |
Summary: Westport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Westport | $592K | $669.5K | +13.1% |
| South Dartmouth | $540K | $600K | +11.1% |
| Dartmouth | $510K | $540K | +5.9% |
| North Dartmouth | $488.5K | $500K | +2.4% |
Housing Supply in Westport, MA
How many homes are available in Westport, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 53 | +23.3% |
Summary: The Westport real estate market had 53 homes for sale in March 2024, a 23.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Westport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westport, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Westport in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Westport, MA
How long does it take to sell a home in Westport, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 124 Days | +2669.7% |
Summary: Homes in Westport had an average of 124 days on market in Mar 2024, up by 2669.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Westport are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 11 homes were sold in Westport; 27% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 73% of homes were sold over 90 days.
