Is Scituate, 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, Scituate has remained a Seller's Market.
Key Takeaway
Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scituate, MA
How much do homes in Scituate, MA cost?
Median Sold Price
$863,000
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Scituate have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Scituate was $863,000 in May 2024, up 1.1% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $505K | +17.4% |
| 2 Bedrooms | $767K | $726K | -5.3% |
| 3 Bedrooms | $786K | $830K | +5.6% |
| 4 Bedrooms | $1.0M | $1.0M | -1.3% |
| 5+ Bedrooms | $1.4M | $1.2M | -16.0% |
Summary: Scituate housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
| Marshfield | $652.5K | $749.9K | +14.9% |
| Cohasset | $1.2M | $1.4M | +14.3% |
| Hingham | $1.1M | $1.1M | +6.6% |
| Scituate | $853.3K | $863K | +1.1% |
Housing Supply in Scituate, MA
How many homes are available in Scituate, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 65 | +16.1% |
Summary: The Scituate real estate market had 65 homes for sale in May 2024, a 16.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Scituate 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 remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scituate, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Scituate in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 13% were sold under asking, 33% were sold at asking, and 53% were sold over asking.
Days on Market for Scituate, MA
How long does it take to sell a home in Scituate, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 32 Days | -30.0% |
Summary: Homes in Scituate had an average of 32 days on market in May 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scituate are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Scituate; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
