Is East Falmouth, 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, East Falmouth has remained a Seller's Market.
Housing Prices in East Falmouth, MA
How much do homes in East Falmouth, MA cost?
Median Sold Price
$676,333
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Falmouth was $676,333 in May 2024, up 7.8% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | - | N/A |
2 Bedrooms | $490K | $495K | +1.0% |
3 Bedrooms | $622.5K | $679.5K | +9.2% |
4 Bedrooms | $700K | $867K | +23.9% |
5+ Bedrooms | $1.2M | $1.3M | +4.5% |
Summary: East Falmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in East Falmouth, MA
How many homes are available in East Falmouth, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 91 | -3.2% |
Summary: The East Falmouth real estate market had 91 homes for sale in May 2024, a 3.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 53 | 50 | -5.7% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The East Falmouth 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 7.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 25 | -21.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in East Falmouth in May 2024, down by 21.9% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 18 Days | +5.8% |
Summary: Homes in East Falmouth had an average of 18 days on market in May 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in East Falmouth; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.