Is Westwood, 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, Westwood has remained a Seller's Market.
Housing Prices in Westwood, MA
How much do homes in Westwood, MA cost?
Median Sold Price
$1,050,000
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westwood was $1,050,000 in April 2024, down 12.5% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $560K | N/A |
2 Bedrooms | $774K | $741.5K | -4.2% |
3 Bedrooms | $853.5K | $907.2K | +6.3% |
4 Bedrooms | $1.3M | $1.2M | -3.8% |
5+ Bedrooms | $1.9M | $1.8M | -4.0% |
Summary: Westwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 4%.
Housing Supply in Westwood, MA
How many homes are available in Westwood, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Summary: The Westwood real estate market had 43 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Westwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Westwood in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Westwood, MA
How long does it take to sell a home in Westwood, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 54 Days | +46.2% |
Summary: Homes in Westwood had an average of 54 days on market in Apr 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Westwood; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.