Is Harwich, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Harwich has remained a Seller's Market.
Key Takeaway
Harwich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harwich, MA
How much do homes in Harwich, MA cost?
Median Sold Price
$750,000
$477/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harwich have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Harwich was $750,000 in May 2024, up 5.6% from last year, and the median price per square foot was $477.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $515K | +63.5% |
| 2 Bedrooms | $429.5K | $534K | +24.3% |
| 3 Bedrooms | $720K | $785K | +9.0% |
| 4 Bedrooms | $1.1M | $978K | -16.8% |
| 5+ Bedrooms | $1.1M | $1.3M | +25.0% |
Summary: Harwich housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Harwich Port | $555K | $1.0M | +87.2% |
| Harwich | $710K | $750K | +5.6% |
| Brewster | $670K | $707.5K | +5.6% |
| West Harwich | $920K | $865K | -6.0% |
Housing Supply in Harwich, MA
How many homes are available in Harwich, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 66 | +8.2% |
Summary: The Harwich real estate market had 66 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Harwich housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harwich, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Harwich in May 2024, up by 23.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for Harwich, MA
How long does it take to sell a home in Harwich, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +14.0% |
Summary: Homes in Harwich had an average of 33 days on market in May 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harwich are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Harwich; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
