Westport Mass Homes for sale and real estate
Currently in Westport there is a short supply of homes for sale and an abundance of buyers looking for a home in Westport. There are currently 19 homes for sale in Westport. The lowest priced home, a farm on 12 acres with restriced agriculture use is offered at $200,000. The highest priced home for sale in Westport is offered at 2.5 million. It is a Secluded 71 acre farm with an airplane hanger and 3 ponds. Close to East Beach. As of this writing.
In a normal real estate market pre - Covid there are generally 90-125 homes for sale in Westport . Clearly the low supply and high demand are making it a sellers market. If you are thinking of selling and want To get top dollar it is a good time to sell. In April, Westport homes had an average time of 32 days to offer. Most homes are selling for asking and some in the lower price ranges are even selling for over asking price. Within the 8 homes that sold in April most went for $20,000- $25,000 over asking price.
With the shortage of homes, Low inventory and abundance of buyers is one indicator that home prices may continue to rise.
There were 8 homes sold in Westport in April, The lowest priced home, a tear down with waterviews of the Westport River, went for $280,000. The highest priced home a one of a kind, custom built Colonial on 3 acres sold for 1.435 million.
I am encouraged by the increase of new listings and seeing more inventory come on the market the last week of April. With better weather on the way, hold on buyers more homes for sale in Westport are coming. Patience is the key to buying a home this year, Don't give up !
If you are a home buyer one factor in your favor are the mortgage rates. Rates are still at a historic low of around 3 percent. For Example, a $300,000 30 year mortgage at 3 % would be about $1,264.81. The same mortgage at 4 % would be $1,432.25 and at 5 % would be $1,610.46. This example shows if rates raise just 2 points the diffence would be around $345. a month more. With mortgage rates at all time lows, the FHFA announce they will introduce a new refinance program for low-income borrowers to lower their interest rates & montly payments. This could have a potential savings of $100- $250 per month for current homeowners ! For an easy to use Mortgage Calculator visit
You can use the calculator to :
- Understand how much of a mortgage you can qualify for.
- See the cost and savings of refinancing at a lower rate.
- Compare monthly vs Bi-Weekly.
-
See the differences in mortgage payments and interest costs at different rates.
- Typical Open House in Westport MA about 20- 30 buyers come through.
Find Homes for Sale in Westport, MA
Visit my website to search for homes in Westport MA or to be notified when a Westport Mass home hits the market, so you don't miss out. I work full time and am avaiable to help you with your home ownership goals !
To find out what your home is worth in the current market contact me or call 774-930-8181.
Comments(1)