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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westwood is a seller's market

Buyer's
Market

Difference Since January 2022

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.

How much do homes in Westwood, MA cost?

Median Sold Price

$1,105,000

$479/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$90,000(+8.9%)

Key Takeaway

Homes in Westwood have sold for 8.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $534.9K-
N/A
2 $665K$740K
+11.3%
3 $751K$860K
+14.5%
4 $1.1M$1.2M
+7.7%
5+ $1.7M$1.9M
+12.1%

Median Sold Price Compared To Nearby Cities

Westwood
+8.9%
Walpole
+8.9%
Norwood
+6.0%
Canton
+5.1%
Dedham
+3.3%

How many homes are available in Westwood, MA?

Number of Homes For Sale

Dec 2022Jan 2023%
3439+14.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 37
+133.3%
3 910
+11.1%
4 99
0.0%
5+ 1313
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westwood, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
45 Days50 Days+9.8%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westwood has remained consistent over time.

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

About Westwood, MA

There are 39 homes are for sale in Westwood, MA real estate market. The number of listings in Westwood, MA increased by 14.7% between December 2022 and January 2023. The median list price of listings available in January 2023 was $1,105,000, while the average time on the real estate market was 50 days. This housing market listing prices have changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 11.3%, prices of 3 bedrooms properties went up by 14.5%, the cost of 4 bedrooms properties went up by 7.7%, 5 bedrooms properties became 12.1% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 133.3%, 3 bedrooms homes inventory increased by 11.1%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. In January 2023, from all listings sold in Westwood, MA there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.

Related Housing Market Reports