$9,488 Closing Credit*
$799,000
1,683 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73308102, Eclipse Group, Listing Office: Cameron Real Estate Group
Is Westwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,100,000
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$50,000(+4.8%)
Key Takeaway
Homes in Westwood have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Westwood was $1,100,000 in September 2024, up 4.8% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $562.5K | $546.5K | -2.8% |
| 2 Bedrooms | $757.5K | $774.5K | +2.2% |
| 3 Bedrooms | $852.5K | $985K | +15.5% |
| 4 Bedrooms | $1.2M | $1.3M | +10.8% |
| 5+ Bedrooms | $1.8M | $1.6M | -9.7% |
Summary: Westwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Westwood, MA
How many homes are available in Westwood, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Summary: The Westwood real estate market had 42 homes for sale in September 2024, a 19.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Westwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Westwood in September 2024, down by 33.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 95 Days | 39 Days | -58.7% |
Summary: Homes in Westwood had an average of 39 days on market in Sep 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westwood are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 14 homes were sold in Westwood; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
