Is Woburn, 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, 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
$711,400
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woburn have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Woburn was $711,400 in April 2024, up 14.7% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287K | $342.5K | +19.3% |
| 2 Bedrooms | $491K | $612.9K | +24.8% |
| 3 Bedrooms | $610K | $710K | +16.4% |
| 4 Bedrooms | $757.5K | $840.5K | +11.0% |
| 5+ Bedrooms | $805K | $830.5K | +3.2% |
Summary: Woburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Woburn | $620K | $711.4K | +14.7% |
| Stoneham | $650K | $715.5K | +10.1% |
| Burlington | $741K | $810K | +9.3% |
| Reading | $766K | $803K | +4.8% |
| Winchester | $1.3M | $1.3M | +3.9% |
Housing Supply in Woburn, MA
How many homes are available in Woburn, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 77 | +20.3% |
Summary: The Woburn real estate market had 77 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 20 | 32 | +60.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Woburn 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 decreased by 5.6%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woburn, you could pay more than the asking price. 81.5% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Woburn in April 2024, up by 42.1% month-over-month. Of the 27 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +41.8% |
Summary: Homes in Woburn had an average of 38 days on market in Apr 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 27 homes were sold in Woburn; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
