Is Westwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Westwood has remained a Seller's Market.
Housing Prices in Westwood, MA
How much do homes in Westwood, MA cost?
Median Sold Price
$1,050,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westwood was $1,050,000 in June 2024, down 12.5% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $562.5K | $518K | -7.9% |
2 Bedrooms | $774K | $741.5K | -4.2% |
3 Bedrooms | $853.5K | $957.5K | +12.2% |
4 Bedrooms | $1.2M | $1.3M | +9.4% |
5+ Bedrooms | $1.9M | $1.8M | -2.7% |
Summary: Westwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in Westwood, MA
How many homes are available in Westwood, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
61 | 68 | +11.5% |
Summary: The Westwood real estate market had 68 homes for sale in June 2024, a 11.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 29 | 26 | -10.3% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Westwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Westwood in June 2024, up by 9.1% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Westwood, MA
How long does it take to sell a home in Westwood, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 31 Days | +35.2% |
Summary: Homes in Westwood had an average of 31 days on market in Jun 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Westwood; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.