Is Swansea, 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, Swansea has remained a Seller's Market.
Key Takeaway
Swansea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swansea, MA
How much do homes in Swansea, MA cost?
Median Sold Price
$450,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swansea have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Swansea was $450,000 in May 2024, up 6.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256K | $405K | +58.2% |
| 2 Bedrooms | $349.9K | $362.5K | +3.6% |
| 3 Bedrooms | $439K | $472.5K | +7.6% |
| 4 Bedrooms | $479.9K | $485K | +1.1% |
| 5+ Bedrooms | $425K | $791.5K | +86.2% |
Summary: Swansea housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 86.2%.
Housing Supply in Swansea, MA
How many homes are available in Swansea, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Swansea real estate market had 38 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 22 | 17 | -22.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Swansea housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swansea, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Swansea in May 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Swansea, MA
How long does it take to sell a home in Swansea, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +13.1% |
Summary: Homes in Swansea had an average of 37 days on market in May 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swansea are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Swansea; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
