Is Weymouth Town, 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, Weymouth Town has remained a Seller's Market.
Key Takeaway
Weymouth Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weymouth Town, MA
How much do homes in Weymouth Town, MA cost?
Median Sold Price
$560,000
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Weymouth Town have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Weymouth Town was $560,000 in March 2024, up 7.7% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $290K | +6.4% |
| 2 Bedrooms | $399.9K | $430K | +7.5% |
| 3 Bedrooms | $558.3K | $610K | +9.2% |
| 4 Bedrooms | $625K | $685K | +9.6% |
| 5+ Bedrooms | $740K | $735K | -0.7% |
Summary: Weymouth Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $455K | $555K | +22.0% |
| South Weymouth | $522.5K | $585K | +12.0% |
| Weymouth Town | $519.8K | $560K | +7.7% |
| Weymouth | $550K | $575K | +4.5% |
| North Weymouth | $525K | $520K | -1.0% |
Housing Supply in Weymouth Town, MA
How many homes are available in Weymouth Town, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 134 | +8.9% |
Summary: The Weymouth Town real estate market had 134 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 39 | 43 | +10.3% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Weymouth Town housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 40 | +48.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weymouth Town, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Weymouth Town in March 2024, up by 48.1% month-over-month. Of the 40 sold homes, 25% were sold under asking, 15% were sold at asking, and 60% were sold over asking.
Days on Market for Weymouth Town, MA
How long does it take to sell a home in Weymouth Town, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -30.6% |
Summary: Homes in Weymouth Town had an average of 23 days on market in Mar 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weymouth Town are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in Weymouth Town; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
