Is East Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Falmouth has remained a Seller's Market.
Key Takeaway
East Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Falmouth, MA
How much do homes in East Falmouth, MA cost?
Median Sold Price
$675,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Falmouth have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in East Falmouth was $675,000 in April 2024, up 8.9% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | - | N/A |
| 2 Bedrooms | $505K | $495K | -2.0% |
| 3 Bedrooms | $610K | $675K | +10.7% |
| 4 Bedrooms | $690K | $884.3K | +28.2% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.6% |
Summary: East Falmouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in East Falmouth, MA
How many homes are available in East Falmouth, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 86 | +17.8% |
Summary: The East Falmouth real estate market had 86 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 42 | 51 | +21.4% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The East Falmouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Falmouth, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in East Falmouth in April 2024, up by 38.1% month-over-month. Of the 29 sold homes, 28% were sold under asking, 21% were sold at asking, and 52% were sold over asking.
Days on Market for East Falmouth, MA
How long does it take to sell a home in East Falmouth, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 24 Days | -43.9% |
Summary: Homes in East Falmouth had an average of 24 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in East Falmouth; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
