Market Overview: Westport, MA

Single Family Properties


Kathy Santos
Luxury Properties Specialist
Kathy.Santos@raveis.com
508.889.2517


October Headlines
Westport
  • Months of supply is up 63.6% to 8.2.
  • Inventory in October was 107. This is up 37.2% from 78 in October of 2017.
  • Unit sales are down by 31.8%.
Nearby Areas You May Be Interested In
  • Unit sales in Middletown are up 100.0% to 16.
  • Unit sales in Fairhaven in October were 21. This is up 40.0% from 15 in October of 2017.
  • Days on market in Tiverton is up by 110.8%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending October, 2018% Chg From Oct, 2017
Unit Sales 44 -15.4%
Inventory 104 23.8%
Months of Supply 8.0 47.6%
New Listings 65 8.3%
Went To Contract 38 -39.7%
Changes Favoring Sellers
3 Months Ending October, 2018% Chg From Oct, 2017
Median Sale Price $449,725 9.3%
Market Time (Days) 105 -16.7%
Price per Sq Ft for Sold $272 15.6%
Sales to List Price Ratio 95.8% 2.9%
Click here to see monthly and longer-term averages.

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Sales
There were 15 unit sales in October. This is down 31.8% from 22 in October of 2017. Sales/list price ratio in October moved down to 94.8% from 95.7% in September.

Prices
Median price in October was $450,000. This is up 5.5% from $426,500 in October of 2017. 3-month median price of $449,725 in October was up slightly from $395,500 in September and up modestly from $411,500 in October of 2017. Price per square foot in October was $285. This is up from $280 in September and up from $237 in October of 2017.

Inventory
Inventory of 107 in October was up 2.9% from 104 in September and up 37.2% from 78 in October of 2017. New listings of 17 in October were down a little from 19 in September and down somewhat from 22 in October of 2017. Months of supply of 8.2 in October was up modestly from 7.7 in September and up considerably from 5 in October of 2017. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since July, 2016.

Market Time
Days on market of 100 in October was down marginally from 103 in September and down substantially from 154 in October of 2017.


Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Bristol County, MA Ranked by Best Performance
Towns% Change
Raynham 14.85%
Acushnet 12.73%
Taunton 10.26%
Somerset 9.62%
Fairhaven 9.00%
Rehoboth 6.99%
Attleboro 5.95%
Berkley 5.67%
Seekonk 4.74%
Fall River 4.26%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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