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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woburn is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Woburn, MA

How much do homes in Woburn, MA cost?

Median Sold Price

$730,000

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$96,746(+15.3%)

Key Takeaway

Homes in Woburn have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Woburn was $730,000 in June 2024, up 15.3% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $316K$337.5K
+6.8%
2 $534.9K$575K
+7.5%
3 $610K$732.5K
+20.1%
4 $760K$835K
+9.9%
5+ $784K$880K
+12.2%

Summary: Woburn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Woburn
+15.3%
Stoneham
+11.6%
Burlington
+9.5%
Winchester
+7.8%
Reading
+1.9%

Housing Supply in Woburn, MA

How many homes are available in Woburn, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
9980-19.2%

Summary: The Woburn real estate market had 80 homes for sale in June 2024, a 19.2% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 42
-50.0%
2 96
-33.3%
3 4637
-19.6%
4 2624
-7.7%
5+ 1411
-21.4%

Summary: The Woburn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3829-23.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woburn, you could pay more than the asking price. 79.3% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Woburn in June 2024, down by 23.7% month-over-month. Of the 29 sold homes, 17% were sold under asking, 3% were sold at asking, and 79% were sold over asking.

Days on Market for Woburn, MA

How long does it take to sell a home in Woburn, MA?

Average Sale Time

Jun 2023Jun 2024CHANGE
15 Days10 Days-30.5%

Summary: Homes in Woburn had an average of 10 days on market in Jun 2024, down by 30.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 29 homes were sold in Woburn; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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