Westwood, MA

Westwood is a town in Norfolk County, Massachusetts, United States. The population was 14,618 at the 2010 census. In July 2005, CNN/Money and Money magazine ranked Westwood 13th on its list of the 100 Best Places to Live in the United States. Boston Magazine listed Gay Street in Westwood on its list of the Best Streets in the Boston area. It is currently the 20th wealthiest town in Massachusetts. Westwood was first settled in 1640 and was part of the town of Dedham (it was originally called 'West Dedham') until it was officially incorporated in 1897. It was the last town to split from the original town of Dedham.

Westwood, MA - Single Family Properties

 
Westwood
  • Unit sales are down 41.7% to 7.
  • Days on market in November was 103. This is up 157.5% from 40 in November of 2013.
  • New listings are up by 200.0%.
Nearby Areas You May Be Interested In
  • Unit sales in Needham are up 133.3% to 28.
  • Median price in Needham in November was $885,050. This is up 28.7% from $687,500 in November of 2013.
  • Unit sales in Milton are down by 70.6%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 27 -32.5%
Median Sale Price $510,000 -13.6%
Sales to List Price Ratio 97.1% -1.1%
Inventory 69 16.9%
Months of Supply 5.5 20.2%
Market Time (Days) 68 78.9%
Price per Sq Ft for Sold $311 -0.4%
New Listings 58 18.4%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Listings Under Contract 40 29.0%
 
Sales
There were 7 unit sales in November. This is down 41.7% from 12 in November of 2013. This is the lowest unit sales have been since 6 in February, 2013. Sales/list price ratio in November moved up to 97.4% from 96.3% in October.

Prices
Median price in November was $545,000. This is down 7.0% from $586,000 in November of 2013. 3-month median price of $510,000 in November was down a little from $538,500 in October and down modestly from $590,000 in November of 2013. Price per square foot in November was $308. This is down from $325 in October and down from $348 in November of 2013.

Inventory
Inventory of 61 in November was down 15.3% from 72 in October but up 17.3% from 52 in November of 2013. New listings of 9 in November were way down from 25 in October but up considerably from 3 in November of 2013. Months of supply of 4.9 in November was down modestly from 5.6 in October but up slightly from 4.1 in November of 2013. This is the lowest months of supply has been since April, 2014.

Market Time
Days on market of 103 in November was up considerably from 78 in October and up substantially from 40 in November of 2013. This is the highest days on market has been since March, 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 14.20%
Franklin 12.50%
Norwood 12.03%
Wellesley 9.78%
Milton 9.00%
Randolph 8.75%
Medfield 8.55%
Weymouth 8.30%
Quincy 7.14%
Medway 6.76%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Westwood, MA - Single Family Properties

August Headlines
Westwood
  • Median price is down 31.0% to $589,200.
  • Inventory in August was 71. This is up 47.9% from 48 in August of 2013.
  • Months of supply is up by 44.2%.
Other Towns In Norfolk County
  • Months of supply in Franklin is up 76.4% to 4.1.
  • Inventory in Franklin in August was 89. This is up 71.2% from 52 in August of 2013.
  • Unit sales in Wellesley are down by 37.5%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Sales to List Price Ratio 98.4% -0.7%
Inventory 71 39.2%
Months of Supply 5.3 35.9%
New Listings 60 13.2%
Listings Under Contract 33 -26.7%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 55 14.6%
Median Sale Price $700,800 7.1%
Market Time (Days) 48 -28.4%
Price per Sq Ft for Sold $340 10.8%
 
Sales
There were 14 unit sales in August. This is down 22.2% from 18 in August of 2013. Sales/list price ratio in August moved down to 98.0% from 99.5% in July.

Prices
Median price in August was $589,200. This is down 31.0% from $854,500 in August of 2013. 3-month median price of $700,800 in August was down modestly from $747,900 in July but up slightly from $654,500 in August of 2013. Price per square foot in August was $335. This is up from $315 in July and up from $313 in August of 2013.

Inventory
Inventory this month is 71, the same as last month. New listings of 19 in August were up a little from 17 in July and up substantially from 13 in August of 2013. Months of supply of 5.3 in August was up marginally from 5.2 in July and up considerably from 3.7 in August of 2013.

Market Time
Days on market of 67 in August was up substantially from 44 in July but down somewhat from 89 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 15.91%
Franklin 12.00%
Norwood 11.42%
Canton 10.94%
Medfield 10.87%
Wellesley 10.68%
Weymouth 8.70%
Medway 8.39%
Norfolk 8.26%
Quincy 8.19%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Westwood, MA - Single Family Properties

July Headlines
Westwood
  • Median price in July was $829,750. This is up 36.0% from $610,000 in July of 2013.
  • 3-month unit sales are up by 17.4%.
  • 3-month months of supply is up 40.3% to 5.4.
Other Towns In Norfolk County
  • Unit sales in Dedham are down by 50.0%.
  • Inventory in Brookline is down 28.6% to 50.
  • Days on market in Franklin in July was 84. This is up 133.3% from 36 in July of 2013.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Inventory 71 36.5%
Months of Supply 5.4 40.3%
New Listings 78 9.9%
Listings Under Contract 44 -10.2%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 54 17.4%
Median Sale Price $747,900 21.5%
Sales to List Price Ratio 98.0% 0.1%
Market Time (Days) 54 -3.6%
Price per Sq Ft for Sold $335 6.9%
 
Sales
There were 18 unit sales in July. This is up 12.5% from 16 in July of 2013. Sales/list price ratio in July moved up to 99.5% from 98.0% in June.

Prices
Median price in July was $829,750. This is up 36.0% from $610,000 in July of 2013. This is the highest median price has been since August, 2013. 3-month median price of $747,900 in July was up somewhat from $615,000 in June and up considerably from $615,750 in July of 2013.

Inventory
Inventory of 72 in July was down 2.7% from 74 in June but up 26.3% from 57 in July of 2013. New listings of 17 in July were down considerably from 24 in June and down modestly from 21 in July of 2013. Months of supply of 5.2 in July was down marginally from 5.4 in June but up a little from 4.4 in July of 2013.

Market Time
Days on market of 44 in July was up modestly from 39 in June and up marginally from 42 in July of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Canton 17.85%
Weymouth 13.56%
Norwood 12.68%
Franklin 12.53%
Medfield 12.28%
Brookline 11.89%
Wellesley 11.40%
Milton 9.00%
Stoughton 8.77%
Medway 8.11%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Listings
    photo.aspx?mls=72126996&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    8.5 Bath

    12,838SqFt

    16 Pettees Pond Lane,
    Westwood, MA 02090

    $4,449,000

    Listed ByColdwell Banker Residential Brokerage - Westwood

    MLS® #72126996 MLS® # 72126996 (Active)
    photo.aspx?mls=72072892&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    7 Bed

    6.5 Bath

    9,292SqFt

    397 Nahatan Street,
    Westwood, MA 02090

    $2,960,000

    Listed ByGibson Sotheby's International Realty

    MLS® #72072892 MLS® # 72072892 (Active)
    photo.aspx?mls=72115818&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    7.0 Bath

    8,398SqFt

    15 LONGMEADOW DRIVE,
    Westwood, MA 02090

    $2,795,000

    Listed ByColdwell Banker Residential Brokerage - Westwood

    MLS® #72115818 MLS® # 72115818 (Active)
    photo.aspx?mls=72066281&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    3.5 Bath

    6,347SqFt

    7 Stevens Cir,
    Westwood, MA 02090

    $2,500,000

    Listed ByKeller Williams Realty

    MLS® #72066281 MLS® # 72066281 (Active)
    photo.aspx?mls=72118718&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    6.5 Bath

    8,251SqFt

    8 Stevens Circle,
    Westwood, MA 02090

    $2,449,000

    Listed ByColdwell Banker Residential Brokerage - Westwood

    MLS® #72118718 MLS® # 72118718 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

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    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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