Westwood, Massachusetts, is a charming town with a rich history, excellent schools, and a strong sense of community. Located about 15 miles southwest of Boston, Westwood is an attractive option for homebuyers seeking a suburban lifestyle with easy access to the city. One of the most desirable neighborhoods in Westwood is University Avenue, particularly the 315 University Ave area. In this article, we will delve into the insights of Westwood MA real estate, focusing on 315 University Ave, to provide you with a comprehensive understanding of the local market.
Overview of Westwood MA Real Estate
Westwood's real estate market is known for its diversity, ranging from historic homes to modern constructions. The town's excellent schools, low crime rate, and convenient location make it an attractive choice for families and professionals alike. The median home price in Westwood is around $640,000, with prices varying depending on factors like location, size, and condition of the property.
University Avenue Neighborhood
University Avenue is a highly sought-after neighborhood in Westwood, characterized by its tree-lined streets, beautiful homes, and convenient location. The area is close to the Westwood Town Center, which offers a variety of shops, restaurants, and services. Residents of University Avenue can also enjoy easy access to the nearby Hale Reservation, a 1,137-acre nature preserve with hiking trails, lakes, and scenic views.
315 University Ave Insights
315 University Ave is a highly desirable property in the heart of Westwood's University Avenue neighborhood. Here are some key insights into this property:
- Location: 315 University Ave is situated in a prime location, within walking distance to the Westwood Town Center and nearby parks.
- Property Type: The property is a single-family home, offering a spacious and private living space.
- Size: The home has a total living area of approximately 2,500 square feet, with 4 bedrooms and 3 bathrooms.
- Condition: The property has been well-maintained, with recent updates and renovations.
- Amenities: The home features a private backyard, attached garage, and modern appliances.
Market Trends and Analysis
The Westwood MA real estate market has been steadily growing in recent years, with a mix of new constructions and resale properties. The median home price has increased by approximately 10% over the past year, indicating a strong demand for housing in the area.
- Supply and Demand: The current supply of homes in Westwood is relatively low, with a high demand from buyers. This trend is expected to continue, with new developments and projects in the pipeline.
- Price Trends: Home prices in Westwood have been increasing steadily, with a median price of around $640,000. However, prices may vary depending on factors like location, size, and condition of the property.
- Rental Market: The rental market in Westwood is also thriving, with a mix of apartments and single-family homes available for rent. The average rent for a 3-bedroom home is around $2,500 per month.
Buying and Selling in Westwood MA
If you're considering buying or selling a property in Westwood MA, here are some key tips to keep in mind:
- Work with a Local Realtor: Partnering with a local realtor who knows the Westwood market can help you navigate the buying or selling process.
- Research the Market: Stay up-to-date with the latest market trends and analysis to ensure you're making an informed decision.
- Inspect Before You Buy: Consider hiring a home inspector to evaluate the property's condition before making an offer.
- Price Competitively: If you're selling, price your property competitively to attract potential buyers.
Conclusion
In conclusion, 315 University Ave is a highly desirable property in the heart of Westwood's University Avenue neighborhood. With its prime location, spacious living area, and modern amenities, this property is perfect for families and professionals alike. If you're considering buying or selling a property in Westwood MA, we recommend working with a local realtor, researching the market, and pricing competitively.
What is the median home price in Westwood MA?
+The median home price in Westwood MA is around $640,000.
What is the average rent for a 3-bedroom home in Westwood MA?
+The average rent for a 3-bedroom home in Westwood MA is around $2,500 per month.
What are the most desirable neighborhoods in Westwood MA?
+University Avenue and the surrounding neighborhoods are highly desirable due to their proximity to the town center and excellent schools.