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

Housing Market Conditions



Gauge showing Westwood is a seller's market


Difference Since March 2023

Since last year, Westwood has remained a Seller's Market.

Key Takeaway

Westwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westwood, MA

How much do homes in Westwood, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Westwood have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Westwood was $1,100,000 in March 2024, down 2.3% from last year, and the median price per square foot was $477.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$562.5K
2 $760K$735K
3 $862.5K$910K
4 $1.2M$1.3M
5+ $1.9M$1.8M

Summary: Westwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Westwood, MA

How many homes are available in Westwood, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Westwood real estate market had 45 homes for sale in March 2024, a 21.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
2 66
3 810
4 1116
5+ 1112

Summary: The Westwood 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westwood, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Westwood in March 2024, up by 300.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% 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

Mar 2023Mar 2024CHANGE
66 Days76 Days+14.7%

Summary: Homes in Westwood had an average of 76 days on market in Mar 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westwood are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 12 homes were sold in Westwood; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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 18 Days Ago

Newest Listings in Westwood, MA

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What housing markets are near Westwood, MA?