Southwick, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Southwick Neighborhoods Since 2000




Southwick, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Southwick Housing Market Information

With 9,737 people, 3,566 houses or apartments, and a median cost of homes of $287,055, Southwick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Southwick, accounting for 79.53% of the town's housing units. Other types of housing that are prevalent in Southwick include large apartment complexes or high rise apartments ( 8.31%), duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), and a few row houses and other attached homes ( 5.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southwick. Owner-occupied housing accounts for 82.56% of Southwick's homes, and 65.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southwick built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Southwick built between 1940-1969 ( 35.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.70%). There's also some housing in Southwick built before 1939 ( 10.54%).

Southwick Home Appreciation Rates

Southwick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southwick during the period has been just -0.84%, which is lower than 70% of US communities.

Over the last year, Southwick appreciation rates have trailed the rest of the nation. In the last twelve months, Southwick's appreciation rate has been 2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Southwick were at 1.15%, which equates to an annual appreciation rate of 4.66%.

Relative to Massachusetts, our data show that Southwick's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$287,055

Southwick, MA HOME PRICES

Value Range
> $1,038,000 1.6
$778,001 - $1,038,000 0.4
$519,001 - $778,000 8.9
$415,001 - $519,000 11.1
$311,001 - $415,000 20.5
$208,001 - $311,000 32.4
$104,001 - $208,000 23.1
$52,001 - $104,000 0.0
$0 - $52,000 2.1

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
17.6784249384742 72.1153846153846

Number Of Homes And Apartments:
3,566

Southwick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.08% 2.54% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,308 / per month

Homeownership Rate

Homeownership
Owners 82.56
Renters 17.44
Vacant 8.52

Housing Market Details

 

Age of Homes

AGE OF Southwick HOMES
2000 or Newer 10.7
1970 - 1999 43.4
1940 - 1969 35.3
1939 or Older 10.5

Types of Homes

TYPE OF Southwick HOMES
Single-Family 79.5
Townhomes 5.2
Small Apt. Buildings 7.0
Apt. Complexes 8.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Southwick HOMES
No Bedroom 1.31
1 Bedroom 8.21
2 Bedrooms 21.29
3 Bedrooms 42.56
4 Bedrooms 23.11
5 or more bedrooms 3.51