Massachusetts Home Buyer Guide

Median Home Price Drops in Westwood, MA May 2011

The median price and sales of single-family homes in Westwood, Massachusetts declined more than 14 percent in May 2011 compared to the previous year, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes dropped 14.6 percent in May 2011 compared to May 2010, a difference of $73,000.  Single-family home sales in Westwood, MA fell 20 percent in May 2011, a difference of two sales compared to May 2010. 

There were no condominiums or multi-family homes sold in Westwood, MA in May 2010 or May 2011.

Westwood, Massachusetts Real Estate Market Report

             Sales / Median Home Price

Single-family Homes
May 2010 – 10 / $500,000
May 2011 – 8 / $427,000

Condominiums
May 2010 – 0 / $0
May 2011 – 0 / $0

Multi-family homes
May 2010 – 0 / $0        
May 2011 – 0 / $0

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Westwood, MA Home Sales Jump In August

The number of single-family homes sold in Westwood, Massachusetts in August 2009 (23) increased 91.6 percent compared to August 2008 (12).

The median price of a single-family home in Westwood, MA increased 8.9 percent in August 2009 compared to August 2008.

The median price in August 2006 was $498,000. The median price spiked 41.6 percent to $705,400 in August 2007, and the median price declined 32.4 percent to $476,450 in August 2008. The median price increased to $519,000 in August 2009.

For both August of 2006 and August 2007 the number of days that single-family homes were on the market in Westwood was 104. August 2008 saw an average of 93 days on the market, a drop of 10.5 percent compared to August 2007. In August 2009, the number of days on the market for single-family homes rose 20.4 percent compared to August 2008, with an average of 112 days.

The data come from MLS Property Information Network, Inc.

Westwood, Massachusetts Real Estate Market Data

                      Median Price     Number of Sales     Days on the Market
August 2006:         498,000                 15                         104
August 2007:         705,400                 18                         104
August 2008:         476,450                 12                           93
August 2009:         519,000                 23                         112

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