Massachusetts Market Update: August 2024

Boston, MA

The bustling city of Boston continues to exhibit its dynamic real estate market. Over the past 30 days, the average home price stands at $1.19 million. The city saw 111 new homes enter the market, with 92 homes sold. On average, homes in Boston are on the market for about 30 days before being sold. This indicates a healthy demand, with a balanced pace for both new listings and sales, making it a competitive yet stable market for buyers and sellers alike.

Walpole, MA

Walpole, known for its suburban charm and excellent community amenities, has experienced some interesting trends. The average home price here is $727,000. In the last month, 14 new homes were listed, and 21 homes were sold. Homes in Walpole spend an average of 25 days on the market, suggesting a relatively brisk pace for home sales in this area. The market here is quite active, with a strong turnover and steady demand.

Wrentham, MA

Wrentham's real estate market shows robust activity with an average home price of $875,000. Over the past 30 days, 45 new homes have been listed, and 50 homes have been sold. With homes spending an average of 23 days on the market, Wrentham is one of the quicker markets in terms of sales pace. This fast-paced market is indicative of high buyer interest and swift transactions, making it an appealing area for both buyers and sellers.

Norwood, MA

Norwood's real estate market remains steady and appealing, with an average home price of $824,000. The last month saw 12 new homes come onto the market, and 16 homes were sold. Homes in Norwood are typically on the market for about 21 days before selling. This quick turnover rate reflects strong demand and a highly active market, favoring both quick sales and potentially competitive bidding scenarios.

Westwood, MA

Westwood, known for its upscale residential neighborhoods, shows a strong market performance. The average home price here is $1.06 million. Over the past 30 days, 33 new homes were listed, and 32 homes were sold. Homes in Westwood spend an average of 33 days on the market. This balanced number of new listings and sales, combined with a slightly longer market duration, indicates a stable and competitive environment with steady interest from buyers.

The real estate markets in these Massachusetts towns are showcasing vibrant activity and strong demand across the board. Whether you're looking to buy or sell, understanding these trends can help you navigate your next real estate move with confidence. From the bustling streets of Boston to the suburban charm of Walpole, each town offers unique opportunities in today’s market. At Move Forward Real Estate, we're here to guide you through every step of the process, ensuring you make informed decisions based on the latest market insights.

For personalized advice and detailed market analysis, contact us today. Let's move forward together in finding your dream home or selling your property at the best price!