$10,000 Closing Credit*
$1,275,000
1,767 SqFt
4 Beds
•3 Full Baths
#73314919, Anna Federico, Listing Office: Bel Air Properties
Is Westwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Westwood was a Seller's Market.
Key Takeaway
Westwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westwood, MA
How much do homes in Westwood, MA cost?
Median Sold Price
$1,101,250
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,250(+2.9%)
Key Takeaway
Homes in Westwood have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Westwood was $1,101,250 in November 2024, up 2.9% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $562.5K | $546.5K | -2.8% |
| 2 Bedrooms | $780K | $750K | -3.8% |
| 3 Bedrooms | $885K | $985K | +11.3% |
| 4 Bedrooms | $1.2M | $1.4M | +9.2% |
| 5+ Bedrooms | $1.8M | $1.8M | -0.4% |
Summary: Westwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in Westwood, MA
How many homes are available in Westwood, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Summary: The Westwood real estate market had 34 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Westwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Westwood in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +12.7% |
Summary: Homes in Westwood had an average of 28 days on market in Nov 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
3 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 Westwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Westwood; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
