Is Wenham, 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, Wenham has remained a Buyer's Market.
Housing Prices in Wenham, MA
How much do homes in Wenham, MA cost?
Median Sold Price
$1,067,500
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wenham was $1,067,500 in April 2024, down 7% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $325K | +19.3% |
2 Bedrooms | $1.2M | $700K | -42.3% |
3 Bedrooms | $699K | $815K | +16.6% |
4 Bedrooms | $1.2M | $1.2M | -4.0% |
5+ Bedrooms | $1.4M | $1.5M | +8.9% |
Summary: Wenham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 42.3%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Hamilton | $719K | $866.2K | +20.5% |
South Hamilton | $715K | $857.5K | +19.9% |
Topsfield | $790K | $870K | +10.1% |
Beverly | $620K | $676.3K | +9.1% |
Wenham | $1.1M | $1.0M | -7.0% |
Housing Supply in Wenham, MA
How many homes are available in Wenham, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Wenham real estate market had 17 homes for sale in April 2024, a 13.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Wenham 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Wenham in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Wenham, MA
How long does it take to sell a home in Wenham, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 67 Days | -18.8% |
Summary: Homes in Wenham had an average of 67 days on market in Apr 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Wenham; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.