Is Marblehead, 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, Marblehead has remained a Seller's Market.
Key Takeaway
Marblehead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marblehead, MA
How much do homes in Marblehead, MA cost?
Median Sold Price
$903,000
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marblehead have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Marblehead was $903,000 in May 2024, up 5.9% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $410K | +22.4% |
| 2 Bedrooms | $556.2K | $732.5K | +31.7% |
| 3 Bedrooms | $800K | $856K | +7.0% |
| 4 Bedrooms | $1.1M | $1.2M | +9.2% |
| 5+ Bedrooms | $1.6M | $1.6M | +4.8% |
Summary: Marblehead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $852.5K | $903K | +5.9% |
| Salem | $540K | $560K | +3.7% |
Housing Supply in Marblehead, MA
How many homes are available in Marblehead, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 83 | +18.6% |
Summary: The Marblehead real estate market had 83 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 16 | 25 | +56.3% |
| 4 Bedrooms | 25 | 33 | +32.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Marblehead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Marblehead in May 2024, up by 69.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% were sold over asking.
Days on Market for Marblehead, MA
How long does it take to sell a home in Marblehead, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +55.1% |
Summary: Homes in Marblehead had an average of 27 days on market in May 2024, up by 55.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Marblehead; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
