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Westwood, MA Home Prices Decline March 2013

May 7, 2013 7:17:00 AM

The median price of a single-family home in Westwood, Massachusetts declined 19 percent in March compared to March 2012, the WestwoodPatch reported April 24, 2013. 

Westwood, MA Real EstateThe median home price in Westwood declined from $480,000 in March 2012 to $390,000 in March 2013. The median price declined just 2 percent in the first quarter to $484,000 from $494,000 in Q1 2012. 

Bucking the statewide trend, Westwood, MA home sales increased from nine in March 2012 to eleven in March 2013. For the first quarter, single-family home sales increased 25 percent, from 20 home sales in Q1 2012 to 25 home sales in the first quarter of this year. 

Home sales declined 3.58 percent throughout Norfolk County in March while home sales were down 0.96 percent countywide in the first quarter. Median home prices increased 5.66 percent in Norfolk County in March, rising from $327,000 to $345,000. Norfolk County home values increased in the first quarter too, from $325,000 in Q1 2012 to $350,000. 

Massachusetts home sales declined 3.58 percent in March and 2.1 percent in the first quarter. Massachusetts median home prices jumped 8.37 percent in March and 10.57 percent in the first quarter. 

The Warren Group, publisher of Banker & Tradesman, provided the home sales and median price data. 

Westwood, MA Real Estate Market Activity

Westwood, MA

March 2012

March 2013

% change

March sales

9

11

22%

Q1 sales

20

25

25%

March median price  

$480,000

$390,000

-19%

Q1 median price

$494,000

$484,000

-2%

Norfolk County

 

 

 

March sales

363

350

-3.58%

Q1  sales

934

925

-.96%

March median price

$327,000

$345,500

5.66%

Q1 median price

$325,000

$350,000

7.69%

Massachusetts

 

 

 

March sales

3,215

3,100

-3.58%

Q1 sales

8,017

7,849

-2.1%

March median price

$263,000

$285,000

8.37%

Q1 median price

$255,500

$282,500

10.57%

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Topics: Real Estate Market, Community Information, Massachusetts Relocation, Westwood MA

   

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