WESTWOOD, MA : MARKET DATA THROUGH APRIL

April Headlines

Westwood
  • Days on market in April was 148. This is up 393.3% from 30 in April of 2014.
  • Median price is up by 42.8%.
  • New listings are up 50.0% to 36.
Nearby Areas You May Be Interested In
  • Median price in Milton is up by 77.2%.
  • Median price in Walpole is up 75.8% to $738,500.
  • Days on market in Needham in April was 98. This is up 276.9% from 26 in April of 2014.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Market Time (Days) 124 125.5%
Price per Sq Ft for Sold $290 -9.9%
Sales to List Price Ratio 96.4% -2.2%
Listings Under Contract 42 -6.7%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 29 3.6%
Median Sale Price $685,000 15.9%
Inventory 49 -5.8%
Months of Supply 4.0 -1.1%
New Listings 65 -9.7%

Sales

There were 15 unit sales in April. This is up 7.1% from 14 in April of 2014. Sales/list price ratio in April moved up to 97.4% from 97.3% in March.

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Prices

Median price in April was $707,000. This is up 42.8% from $495,000 in April of 2014. 3-month median price of $685,000 in April was up modestly from $597,500 in March and up a little from $591,250 in April of 2014. Price per square foot in April was $276. This is down from $314 in March and down from $315 in April of 2014.

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Inventory

Inventory of 61 in April was up 35.6% from 45 in March and up 8.9% from 56 in April of 2014. New listings of 36 in April were way up from 18 in March and up substantially from 24 in April of 2014. Months of supply of 4.9 in April was up considerably from 3.6 in March and up slightly from 4.3 in April of 2014. This is the highest months of supply has been since November, 2014.

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Market Time

Days on market of 148 in April was up substantially from 64 in March and up considerably from 30 in April of 2014. This is the highest days on market has been since March, 2013.

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Change in Median Sale Price for Single Family Properties YTD From 2014 To 2015 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Cohasset 39.91%
Needham 25.71%
Milton 24.74%
Wrentham 22.67%
Foxborough 17.74%
Brookline 16.88%
Westwood 12.52%
Walpole 11.02%
Medfield 9.44%
Holbrook 9.17%

Buyers: What a REALTOR® Can Do for You

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The REALTOR® you work with can be one of your most valuable resources in the home buying process. Unlike many real estate agents who are simply licensed by their state to do business, REALTORS® have taken additional steps to become members of the local board of REALTORS® and have agreed to act under and adhere to a strict Code of Ethics. Here is what a REALTOR® can do for you:

  • A REALTOR® can help you determine the price you can afford.
  • A REALTOR® can often suggest ways to accrue a down payment and explain alternative financing methods.
  • A REALTOR®, in addition to knowing the local money market, also can tell you what personal and financial data to bring when you apply for a loan.
  • A REALTOR® is already familiar with current real estate values, taxes, utility costs, municipal services and facilities, and may be aware of local zoning changes that could affect your decision to buy.
  • A REALTOR® can usually research your housing needs in advance through a Multiple Listing Service (MLS) – even if you are relocating from another city.
  • A REALTOR® can show you only those homes best suited to your needs: size, style, features, location, and accessibility to schools, transportation, shopping and other personal preferences.
  • A REALTOR® often can suggest simple, imaginative changes that make a home more suitable for you and that will improve its utility and value.
  • A REALTOR® is sensitive to the importance you place on this major purchase and commitment that you are about to make.
  • A REALTOR® can facilitate negotiation of a win-win agreement that will satisfy both you and the seller.

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