Is Weston, 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, Weston was a Seller's Market.
Key Takeaway
Weston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Weston, MA
How much do homes in Weston, MA cost?
Median Sold Price
$2,275,000
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weston have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Weston was $2,275,000 in May 2024, up 10.4% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $569K | -5.2% |
| 2 Bedrooms | $700K | $965K | +37.9% |
| 3 Bedrooms | $1.2M | $1.4M | +16.7% |
| 4 Bedrooms | $1.7M | $2.0M | +19.1% |
| 5+ Bedrooms | $3.0M | $3.1M | +4.1% |
Summary: Weston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Wellesley Hills | $2.0M | $2.2M | +10.7% |
| Waltham | $712.5K | $788K | +10.6% |
| Weston | $2.0M | $2.2M | +10.4% |
| Newton | $1.3M | $1.4M | +8.4% |
| Wellesley | $1.8M | $1.9M | +7.5% |
Housing Supply in Weston, MA
How many homes are available in Weston, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 69 | +32.7% |
Summary: The Weston real estate market had 69 homes for sale in May 2024, a 32.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 29 | 40 | +37.9% |
Summary: The Weston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 37.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weston, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Weston in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Weston, MA
How long does it take to sell a home in Weston, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 21 Days | -54.2% |
Summary: Homes in Weston had an average of 21 days on market in May 2024, down by 54.2% 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 Weston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Weston; 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.
