Market Overview: Westport, MA

Single Family Properties


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


December Headlines
Westport
  • 3-month unit sales are down by 37.0%.
  • Median price is up 27.5% to $382,450.
  • Days on market in December was 168. This is up 150.7% from 67 in December of 2017.
Nearby Areas You May Be Interested In
  • Inventory in Rehoboth in December was 105. This is up 75.0% from 60 in December of 2017.
  • Days on market in Dighton is up by 210.9%.
  • Months of supply in Lakeville is up 98.6% to 4.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending December, 2018% Chg From Dec, 2017
Unit Sales 34 -37.0%
Inventory 95 25.0%
Months of Supply 8.0 54.7%
Changes Favoring Sellers
3 Months Ending December, 2018% Chg From Dec, 2017
Median Sale Price $447,225 6.7%
Price per Sq Ft for Sold $288 22.6%
Sales to List Price Ratio 94.4% 1.6%
New Listings 46 -6.1%
Went To Contract 35 6.1%
Click here to see monthly and longer-term averages.

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Sales
There were 12 unit sales in December. This is down 7.7% from 13 in December of 2017. Sales/list price ratio in December moved down to 91.9% from 98.1% in November.

Prices
Median price in December was $382,450. This is up 27.5% from $300,000 in December of 2017. This is the lowest median price has been since May, 2018. 3-month median price of $447,225 in December was down marginally from $455,900 in November but up modestly from $419,000 in December of 2017. Price per square foot in December was $313. This is up from $259 in November and up from $279 in December of 2017.

Inventory
Inventory of 84 in December was down 10.6% from 94 in November but up 10.5% from 76 in December of 2017. New listings of 8 in December were down considerably from 21 in November and way down from 16 in December of 2017. Months of supply of 7 in December was down modestly from 7.8 in November but up considerably from 5.2 in December of 2017. This is the lowest months of supply has been since June, 2018.

Market Time
Days on market of 168 in December was way up from 72 in November and up substantially from 67 in December of 2017. This is the highest days on market has been since June, 2018.


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 11.24%
Acushnet 10.71%
Taunton 9.82%
Somerset 8.56%
Fairhaven 8.07%
Attleboro 7.56%
Fall River 5.27%
Dartmouth 3.93%
Freetown 3.83%
Seekonk 3.33%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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