Is Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Weymouth has remained a Seller's Market.
Key Takeaway
Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weymouth, MA
How much do homes in Weymouth, MA cost?
Median Sold Price
$590,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weymouth have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Weymouth was $590,000 in May 2024, up 9.2% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $255K | +21.4% |
| 2 Bedrooms | $460K | $500K | +8.7% |
| 3 Bedrooms | $560K | $600K | +7.1% |
| 4 Bedrooms | $590K | $637.5K | +8.1% |
| 5+ Bedrooms | $629K | $849.5K | +35.1% |
Summary: Weymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $455K | $579.9K | +27.5% |
| Weymouth Town | $518.9K | $575K | +10.8% |
| South Weymouth | $530K | $585K | +10.4% |
| Weymouth | $540.5K | $590K | +9.2% |
| Braintree Town | $623.5K | $655.6K | +5.2% |
Housing Supply in Weymouth, MA
How many homes are available in Weymouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Weymouth real estate market had 41 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Weymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weymouth, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Weymouth in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Weymouth, MA
How long does it take to sell a home in Weymouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -14.7% |
Summary: Homes in Weymouth had an average of 22 days on market in May 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Weymouth; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
