Westford, MA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Westford, MA Housing Market Trends

With 24,817 people, 8,571 houses or apartments, and a median cost of homes of $633,706, Westford house prices are not only among the most expensive in Massachusetts, Westford real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Westford, accounting for 81.50% of the town's housing units. Other types of housing that are prevalent in Westford include large apartment complexes or high rise apartments ( 7.90%), row houses and other attached homes ( 7.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westford. Owner-occupied housing accounts for 86.12% of Westford's homes, and 67.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Westford 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 Westford built between 1940-1969 ( 19.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.15%). There's also some housing in Westford built before 1939 ( 10.75%).

Westford Home Appreciation Rates

Appreciation rates for homes in Westford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.68%, which ranks in the top 40% nationwide. This equates to an annual average Westford house appreciation rate of 3.25%.

Over the last year, Westford appreciation rates have trailed the rest of the nation. In the last twelve months, Westford's appreciation rate has been 5.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westford were at 2.09%, which equates to an annual appreciation rate of 8.65%.

Relative to Massachusetts, our data show that Westford's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$633,706

Westford, MA HOME PRICES

> $1,143,000
1.7%
1.7%
$858,001 - $1,143,000
11.0%
11.0%
$572,001 - $858,000
42.0%
42.0%
$458,001 - $572,000
19.8%
19.8%
$343,001 - $458,000
16.1%
16.1%
$229,001 - $343,000
6.5%
6.5%
$114,001 - $229,000
2.0%
2.0%
$57,001 - $114,000
0.2%
0.2%
$0 - $57,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
8,571

Westford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
77.72% 2.78%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,217 / per month

Homeownership Rate

Owners
86.1%
86.1%
Renters
13.9%
13.9%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.2%
18.2%
1970 - 1999
51.6%
51.6%
1940 - 1969
19.4%
19.4%
1939 or Older
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.5%
81.5%
Townhomes
7.8%
7.8%
Small Apt. Buildings
2.5%
2.5%
Apt. Complexes
7.9%
7.9%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
3.9%
3.9%
2 Bedrooms
22.7%
22.7%
3 Bedrooms
29.8%
29.8%
4 Bedrooms
37.9%
37.9%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES