Is Southwick, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwick has remained a Seller's Market.
Key Takeaway
Southwick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwick, MA
How much do homes in Southwick, MA cost?
Median Sold Price
$415,900
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southwick have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Southwick was $415,900 in April 2024, up 8.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $155K | -18.4% |
| 2 Bedrooms | $291.5K | $280K | -3.9% |
| 3 Bedrooms | $379.7K | $390K | +2.7% |
| 4 Bedrooms | $510.5K | $600K | +17.5% |
| 5+ Bedrooms | $649.9K | $625.4K | -3.8% |
Summary: Southwick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| West Suffield | $374.5K | $498K | +33.0% |
| North Granby | $460K | $535K | +16.3% |
| Suffield | $397K | $440K | +10.8% |
| Southwick | $382.5K | $415.9K | +8.7% |
| Feeding Hills | $345K | $350K | +1.4% |
Housing Supply in Southwick, MA
How many homes are available in Southwick, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Summary: The Southwick real estate market had 24 homes for sale in April 2024, a 60.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southwick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwick, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Southwick in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Southwick, MA
How long does it take to sell a home in Southwick, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 17 Days | -69.2% |
Summary: Homes in Southwick had an average of 17 days on market in Apr 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwick are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Southwick; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
