$10,000 Closing Credit*
$969,000
2,906 SqFt
4 Beds
•2 Full Baths
#73316810, Diane DiMascio Cinar, Listing Office: CK Realty Group LLC
Is Woburn, 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, Woburn has remained a Seller's Market.
Key Takeaway
Woburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woburn, MA
How much do homes in Woburn, MA cost?
Median Sold Price
$746,633
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$81,733(+12.3%)
Key Takeaway
Homes in Woburn have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Woburn was $746,633 in November 2024, up 12.3% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $315K | -1.6% |
| 2 Bedrooms | $591K | $550K | -6.9% |
| 3 Bedrooms | $650K | $737.5K | +13.5% |
| 4 Bedrooms | $812.5K | $857K | +5.5% |
| 5+ Bedrooms | $805K | $920K | +14.3% |
Summary: Woburn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Woburn | $664.9K | $746.6K | +12.3% |
| Stoneham | $675K | $730K | +8.1% |
| Winchester | $1.3M | $1.4M | +7.4% |
| Burlington | $795K | $824K | +3.6% |
| Reading | $779K | $787.6K | +1.1% |
Housing Supply in Woburn, MA
How many homes are available in Woburn, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 85 | -26.1% |
Summary: The Woburn real estate market had 85 homes for sale in November 2024, a 26.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 19 | 11 | -42.1% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 45 | 25 | -44.4% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Woburn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 42.1%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woburn, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Woburn in November 2024, down by 15.0% month-over-month. Of the 34 sold homes, 29% were sold under asking, 3% were sold at asking, and 68% were sold over asking.
Days on Market for Woburn, MA
How long does it take to sell a home in Woburn, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -9.7% |
Summary: Homes in Woburn had an average of 22 days on market in Nov 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woburn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in Woburn; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
