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Want to know how the Woburn, Massachusetts real estate market is doing? In this 2021 Year in Review Housing Report, we’re looking at home sales in Woburn in 2021 compared to 2020 and how the market performed in that area.

Home Sales Up 5% + Prices Up 6.8%

As of December 31, 2021, Woburn home sales were up by 5% over 2020. There were 550 sales in 2021 over 524 in 2020.  Prices increased as well, up by 6.8% now at $602,513 over 2020 when prices averaged $564,105.

Homes Listed in Woburn:

In 2021, there were 541 Woburn homes listed on the market, up 11.5% over 2020 when 485 were listed.

Homes Pending in Woburn:

Woburn 2021 saw a 15.6% increase in the number of homes placed under agreement with 511 over 442 in 2020.

Outlook

The Woburn market proved strong in 2021 even with the COVID-19 pandemic still ongoing. There was an increase in sales in single-family and multi-family homes, but a decrease in condo sales by 23 units due to the increase in demand for more privacy and space. Additionally, the average price dropped for condos while single-family and multi-family homes saw an increase in average price. The beginning of 2022 is predicted to have historically low inventory and, as a result, increased competition similar to mid-summer 2021.


Data provided by Warren Group & MLS PIN and compared to the prior year.