Is South 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, South Weymouth has remained a Seller's Market.
Key Takeaway
South Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Weymouth, MA
How much do homes in South Weymouth, MA cost?
Median Sold Price
$582,500
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Weymouth have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in South Weymouth was $582,500 in April 2024, up 10.3% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $270K | -0.9% |
| 2 Bedrooms | $360K | $377K | +4.7% |
| 3 Bedrooms | $570K | $635K | +11.4% |
| 4 Bedrooms | $712.5K | $800K | +12.3% |
| 5+ Bedrooms | $787.5K | $749.9K | -4.8% |
Summary: South Weymouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 4.8%.
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% |
| Braintree Town | $618.3K | $650K | +5.1% |
| Weymouth | $550K | $575K | +4.5% |
Housing Supply in South Weymouth, MA
How many homes are available in South Weymouth, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The South Weymouth real estate market had 52 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Weymouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Weymouth, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in South Weymouth in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for South Weymouth, MA
How long does it take to sell a home in South Weymouth, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +36.0% |
Summary: Homes in South Weymouth had an average of 49 days on market in Apr 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in South Weymouth; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
