Is Westford, 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, Westford has remained a Seller's Market.
Housing Prices in Westford, MA
How much do homes in Westford, MA cost?
Median Sold Price
$735,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westford was $735,000 in May 2024, up 3.8% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $414K | +7.5% |
2 Bedrooms | $482.5K | $460K | -4.7% |
3 Bedrooms | $630K | $664.3K | +5.5% |
4 Bedrooms | $931K | $991K | +6.4% |
5+ Bedrooms | $1.0M | $1.2M | +11.5% |
Summary: Westford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Tyngsborough | $535K | $600K | +12.1% |
North Chelmsford | $468K | $510K | +9.0% |
Chelmsford | $562.7K | $588K | +4.5% |
Westford | $708K | $735K | +3.8% |
Littleton | $711.2K | $720K | +1.2% |
Housing Supply in Westford, MA
How many homes are available in Westford, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 79 | +58.0% |
Summary: The Westford real estate market had 79 homes for sale in May 2024, a 58.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 21 | +61.5% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 17 | 29 | +70.6% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Westford 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 increased by 61.5%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 70.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Westford in May 2024, up by 50.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Westford, MA
How long does it take to sell a home in Westford, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 15 Days | -26.8% |
Summary: Homes in Westford had an average of 15 days on market in May 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Westford; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.