Is East 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, East Weymouth has remained a Seller's Market.
Housing Prices in East Weymouth, MA
How much do homes in East Weymouth, MA cost?
Median Sold Price
$579,900
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Weymouth was $579,900 in May 2024, up 27.5% 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 | $252.5K | $307.5K | +21.8% |
2 Bedrooms | $394.9K | $406K | +2.8% |
3 Bedrooms | $540K | $613.7K | +13.7% |
4 Bedrooms | $604.5K | $672.5K | +11.2% |
5+ Bedrooms | $810K | $727.5K | -10.2% |
Summary: East Weymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 10.2%.
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% |
North Weymouth | $539K | $515K | -4.5% |
Housing Supply in East Weymouth, MA
How many homes are available in East Weymouth, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 39 | -9.3% |
Summary: The East Weymouth real estate market had 39 homes for sale in May 2024, a 9.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The East Weymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in East Weymouth in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 7% were sold under asking, 7% were sold at asking, and 86% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +29.9% |
Summary: Homes in East Weymouth had an average of 18 days on market in May 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in East Weymouth; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.