Westfield Housing Market Report January 2025•Hampden County, Massachusetts

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Housing Prices in Westfield, MA

How much do homes in Westfield, MA cost?

Housing Market Conditions

Is Westfield, MA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Westfield is a Seller's Market

Difference Since January 2024

Since last year, Westfield has remained a Seller's Market.

Insight

Westfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$351,000$231/SqFt
+$26,000
+8.0%

Based on all homes sold in the last 12 months

Insight

Homes in Westfield have sold for 8% more than they did a year ago.

Summary: The median home sold price in Westfield was $351,000 in January 2025, up 8% from last year, and the median price per square foot was $231.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Westfield
+8.0%
West Springfield
+6.0%
Southwick
+3.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$253.5K$166.2K
-34.4%
2$242.5K$263K
+8.5%
3$335K$352.5K
+5.2%
4$410K$413.5K
+0.9%
5$397.5K$420K
+5.7%

Summary: Westfield housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -34.4%. The home price for 2 bedroom homes increased by +8.5%. The home price for 3 bedroom homes increased by +5.2%. The home price for 4 bedroom homes increased by +0.9%. The home price for 5 bedroom homes increased by +5.7%.

Housing supply in Westfield, MA

How many homes are available in Westfield, MA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
60Last MonthJan 2025
672 months agoDec 2024
-10.4 %
Change MoMDec – Jan

Summary: The Westfield real estate market had 60 homes for sale in Jan 2025, a 10.4 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthJan 2025
202 months agoDec 2024
-15.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
110
-100.0%
297
-22.2%
33325
-24.2%
41922
+15.8%
556
+20.0%

Summary: Westfield housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -22.2%. The inventory for 3 bedroom homes decreased by -24.2%. The inventory for 4 bedroom homes increased by +15.8%. The inventory for 5 bedroom homes increased by +20.0%.

Asking Price vs. Sold Price

How much do homes in Westfield, MA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price3 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Westfield, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Westfield in January 2025, down by 15.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and and 41% were sold over asking.

Days on Market for Westfield, MA

How long does it take to sell a home in Westfield, MA?

Breakdown of Home Sale Times

Under 30 Days8 Homes

30 – 90 Days8 Homes

Over 90 Days1 Home

Insight

Many homes in Westfield are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 17 homes were sold in Westfield; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
45 DaysThis YearJan 2025
36 Days1 year agoJan 2024
+26.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Westfield had an average listing age of 45 days in Jan 2025, up by 26.3% compared to the previous year.

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Newest Listings in Westfield, MA

What homes are available in Westfield, MA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc., and Berkshire County Multiple Listing Service for the period 02/01/2023 - 02/01/2025

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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Last updated on: 2/2/2025, 9:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information from the Berkshire County Board of Realtors, Inc. or it's Multiple Listing Service. Site contains live data. Information herein believed to be accurate, but not warranted. All right, title and interest in the exclusively listed property information represented on this website was created, maintained and copyrighted by the Berkshire County Board of Realtors® and in copyrights therein, hall at all times remain vested in the Berkshire County Board of Realtors®. As a Participant of the Berkshire County Multiple Listing Service, this company was granted a lease to use this information in accordance with all rules and regulations of the Service. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 9:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.