Is Westwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,100,000
$477/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $562.5K | N/A |
2 Bedrooms | $760K | $735K | -3.3% |
3 Bedrooms | $862.5K | $910K | +5.5% |
4 Bedrooms | $1.2M | $1.3M | +9.4% |
5+ Bedrooms | $1.9M | $1.8M | -5.4% |
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%.
Housing Supply in Westwood, MA
How many homes are available in Westwood, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 45 | +21.6% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 11 | 12 | +9.1% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 12 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 76 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
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.