$8,906 Closing Credit*
$749,999
2,056 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73320920, Stephanie Petluck, Listing Office: TLC Real Estate
Is South Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Weymouth has remained a Seller's Market.
Key Takeaway
South Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Weymouth, MA
How much do homes in South Weymouth, MA cost?
Median Sold Price
$585,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+2.8%)
Key Takeaway
Homes in South Weymouth have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in South Weymouth was $585,000 in November 2024, up 2.8% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $315K | +16.7% |
| 2 Bedrooms | $362.5K | $375K | +3.4% |
| 3 Bedrooms | $617K | $640K | +3.7% |
| 4 Bedrooms | $770K | $875K | +13.6% |
| 5+ Bedrooms | $749.9K | $800K | +6.7% |
Summary: South Weymouth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Weymouth | $560K | $600K | +7.1% |
| Weymouth Town | $550K | $585.4K | +6.4% |
| East Weymouth | $539.9K | $561.5K | +4.0% |
| Braintree Town | $632K | $653.3K | +3.4% |
| South Weymouth | $569K | $585K | +2.8% |
Housing Supply in South Weymouth, MA
How many homes are available in South Weymouth, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 48 | -12.7% |
Summary: The South Weymouth real estate market had 48 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 23 | 14 | -39.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South Weymouth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 39.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
5 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 South Weymouth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in South Weymouth in November 2024, down by 47.4% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for South Weymouth, MA
How long does it take to sell a home in South Weymouth, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +42.1% |
Summary: Homes in South Weymouth had an average of 24 days on market in Nov 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in South Weymouth; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
