$9,499 Closing Credit*
$799,900
1,480 SqFt
2 Beds
•2 Full Baths
#73322811, Sylvia Makarios, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Westwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Westwood has remained a Seller's Market.
Key Takeaway
Westwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westwood, MA
How much do homes in Westwood, MA cost?
Median Sold Price
$1,100,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,000(+2.8%)
Key Takeaway
Homes in Westwood have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Westwood was $1,100,000 in December 2024, up 2.8% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $562.5K | $546.5K | -2.8% |
| 2 Bedrooms | $780K | $750K | -3.8% |
| 3 Bedrooms | $885K | $962.5K | +8.8% |
| 4 Bedrooms | $1.3M | $1.2M | -3.9% |
| 5+ Bedrooms | $1.8M | $1.8M | -0.4% |
Summary: Westwood housing prices by bedroom type for December 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 8.8%, 4 bedroom homes decreased by 3.9%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 36 | 27 | -25.0% |
Summary: The Westwood real estate market had 27 homes for sale in December 2024, a 25.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 17 | 12 | -29.4% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Westwood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Westwood in December 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +10.9% |
Summary: Homes in Westwood had an average of 22 days on market in Dec 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
9 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 Westwood are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in Westwood; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
