Weymouth Real Estate Update

Dated: 10/04/2018

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Weymouth is the second oldest township in the Commonwealth, dating back to 1622.  For almost two hundred years the town was a fishing and agricultural community, evolving into a manufacturing hub for shoes in the late 19th century. Remnants of every era, from colonization to industrialization to suburbanization, are evident in the very shape of the community. Rich in history, Weymouth is home to the birthplace of Abigail Adams, wife to U.S. President John Adams and mother to U.S. President John Quincy Adams. 

Today, Weymouth is a mature, strongly residential suburb located just south of Boston, with close proximity to the crossroads of Route I-93 (128) and Route 3. The community is nicely situated for easy access to Cape Cod and the Greater Boston area. Three MBTA commuter rail stations provide quick transportation into the city, as well. Unlike traditional New England towns, Weymouth has no downtown center. Rather it has four village centers, each featuring its own blend of historic buildings, land use, and open space. 

In July and August 2018, single family home sales decreased slightly:  145 single family homes sold in 2018 compared to 154 single family homes sold in 2017.  Days on market averaged 35 in 2017 and 31 in 2018.  There was an increase in prices this year to $452,768 compared to the average sale price of $417,461 in 2017 

Condominium sales in Weymouth increased substantially this year. Thirty-nine condos sold in 2017 during July and August while 53 sold in the same time period this year.  The days a condo stayed on the market decreased quite a bit this year to 33 days compared to 70 days in 2017.  We also see a decrease in the price of a condo this year to $255,691 from $287,747 

Looking to buy or sell your home?  Contact EXIT Realty All Stars, with offices in Braintree and Brockton!

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