Is Buzzards Bay, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buzzards Bay was a Buyer's Market.
Key Takeaway
Buzzards Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buzzards Bay, MA
How much do homes in Buzzards Bay, MA cost?
Median Sold Price
$520,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buzzards Bay have sold for 4% more than they did a year ago.
Summary: The median home sold price in Buzzards Bay was $520,000 in May 2024, up 4% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.4K | $316.4K | +8.2% |
| 2 Bedrooms | $420K | $415.5K | -1.1% |
| 3 Bedrooms | $500K | $539.5K | +7.9% |
| 4 Bedrooms | $590K | $697.5K | +18.2% |
| 5+ Bedrooms | $925K | $850K | -8.1% |
Summary: Buzzards Bay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Pocasset | $587.5K | $725K | +23.4% |
| Bourne | $549.9K | $630K | +14.6% |
| Buzzards Bay | $499.9K | $520K | +4.0% |
Housing Supply in Buzzards Bay, MA
How many homes are available in Buzzards Bay, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 58 | +16.0% |
Summary: The Buzzards Bay real estate market had 58 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Buzzards Bay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buzzards Bay, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Buzzards Bay in May 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for Buzzards Bay, MA
How long does it take to sell a home in Buzzards Bay, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 39 Days | +126.5% |
Summary: Homes in Buzzards Bay had an average of 39 days on market in May 2024, up by 126.5% compared to last year.
Breakdown of Home Sale Times
8 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 Buzzards Bay are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Buzzards Bay; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
