$6,234 Closing Credit*
$525,000
1,148 SqFt
3 Beds
•2 Full Baths
#73311365, Rick Coughlin, Listing Office: Coughlin & Co. Real Estate
Is Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Weymouth has remained a Seller's Market.
Key Takeaway
Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weymouth, MA
How much do homes in Weymouth, MA cost?
Median Sold Price
$600,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,000(+10.9%)
Key Takeaway
Homes in Weymouth have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Weymouth was $600,000 in October 2024, up 10.9% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $216.5K | +6.9% |
| 2 Bedrooms | $457.5K | $512.5K | +12.0% |
| 3 Bedrooms | $560K | $610K | +8.9% |
| 4 Bedrooms | $579K | $667.5K | +15.3% |
| 5+ Bedrooms | $730K | $865K | +18.5% |
Summary: Weymouth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Weymouth | $541K | $600K | +10.9% |
| East Weymouth | $525K | $567.5K | +8.1% |
| Weymouth Town | $539.1K | $579.9K | +7.6% |
| South Weymouth | $555K | $587.5K | +5.8% |
| Braintree Town | $630K | $660K | +4.8% |
Housing Supply in Weymouth, MA
How many homes are available in Weymouth, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Weymouth real estate market had 43 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Weymouth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Weymouth, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Weymouth in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Weymouth, MA
How long does it take to sell a home in Weymouth, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +68.2% |
Summary: Homes in Weymouth had an average of 24 days on market in Oct 2024, up by 68.2% compared to last year.
Breakdown of Home Sale Times
7 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 Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Weymouth; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
