Is East Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Weymouth has remained a Seller's Market.
Key Takeaway
East Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Weymouth, MA
How much do homes in East Weymouth, MA cost?
Median Sold Price
$560,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Weymouth have sold for 25.8% more than they did a year ago.
Summary: The median home sold price in East Weymouth was $560,000 in April 2024, up 25.8% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $307.5K | +18.3% |
| 2 Bedrooms | $370K | $410K | +10.8% |
| 3 Bedrooms | $545K | $610K | +11.9% |
| 4 Bedrooms | $609K | $665K | +9.2% |
| 5+ Bedrooms | $810K | $722.5K | -10.8% |
Summary: East Weymouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $445K | $560K | +25.8% |
| South Weymouth | $528.3K | $582.5K | +10.3% |
| Weymouth Town | $519.8K | $560.7K | +7.9% |
| Weymouth | $550K | $575K | +4.5% |
| North Weymouth | $530K | $512.5K | -3.3% |
Housing Supply in East Weymouth, MA
How many homes are available in East Weymouth, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The East Weymouth real estate market had 40 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The East Weymouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Weymouth, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in East Weymouth in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 0% were sold at asking, and 76% were sold over asking.
Days on Market for East Weymouth, MA
How long does it take to sell a home in East Weymouth, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +20.4% |
Summary: Homes in East Weymouth had an average of 20 days on market in Apr 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in East Weymouth; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
