Is Southwick, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southwick was a Neutral Market.
Key Takeaway
Southwick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwick, MA
How much do homes in Southwick, MA cost?
Median Sold Price
$431,250
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southwick have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Southwick was $431,250 in May 2024, up 13.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $155K | -18.4% |
| 2 Bedrooms | $285K | $280K | -1.8% |
| 3 Bedrooms | $374.7K | $410K | +9.4% |
| 4 Bedrooms | $455K | $635K | +39.6% |
| 5+ Bedrooms | $612.8K | $675K | +10.1% |
Summary: Southwick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| West Suffield | $355K | $498K | +40.3% |
| North Granby | $452.5K | $545K | +20.4% |
| Southwick | $380K | $431.2K | +13.5% |
| Suffield | $402K | $438.9K | +9.2% |
| Feeding Hills | $340K | $350K | +2.9% |
Housing Supply in Southwick, MA
How many homes are available in Southwick, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Southwick real estate market had 30 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Southwick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwick, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Southwick in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Southwick, MA
How long does it take to sell a home in Southwick, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +27.8% |
Summary: Homes in Southwick had an average of 29 days on market in May 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Southwick; 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.
