Is North Weymouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Weymouth has remained a Seller's Market.
Key Takeaway
North Weymouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Weymouth, MA
How much do homes in North Weymouth, MA cost?
Median Sold Price
$515,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Weymouth have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in North Weymouth was $515,000 in May 2024, down 4.5% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286.5K | $350K | +22.2% |
| 2 Bedrooms | $444.9K | $479.9K | +7.9% |
| 3 Bedrooms | $552.5K | $600K | +8.6% |
| 4 Bedrooms | $615K | $620K | +0.8% |
| 5+ Bedrooms | $735K | $725K | -1.4% |
Summary: North Weymouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $455K | $579.9K | +27.5% |
| Weymouth Town | $518.9K | $575K | +10.8% |
| Hingham | $1.1M | $1.1M | +6.6% |
| Braintree | $625K | $656K | +5.0% |
| North Weymouth | $539K | $515K | -4.5% |
Housing Supply in North Weymouth, MA
How many homes are available in North Weymouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The North Weymouth real estate market had 25 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The North Weymouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Weymouth, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in North Weymouth in May 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for North Weymouth, MA
How long does it take to sell a home in North Weymouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -2.5% |
Summary: Homes in North Weymouth had an average of 22 days on market in May 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
6 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 North Weymouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in North Weymouth; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
