Is Wareham, 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, Wareham has remained a Seller's Market.
Key Takeaway
Wareham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wareham, MA
How much do homes in Wareham, MA cost?
Median Sold Price
$419,933
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wareham have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Wareham was $419,933 in May 2024, up 3.4% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $332.5K | +22.2% |
| 2 Bedrooms | $350K | $358.4K | +2.4% |
| 3 Bedrooms | $440K | $443.5K | +0.8% |
| 4 Bedrooms | $477.5K | $537.5K | +12.6% |
| 5+ Bedrooms | $550K | $662.5K | +20.5% |
Summary: Wareham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Marion | $704.9K | $860K | +22.0% |
| West Wareham | $410K | $475K | +15.9% |
| Wareham | $406.2K | $419.9K | +3.4% |
Housing Supply in Wareham, MA
How many homes are available in Wareham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 101 | +9.8% |
Summary: The Wareham real estate market had 101 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Wareham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wareham, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Wareham in May 2024, the same as the previous month. Of the 24 sold homes, 29% were sold under asking, 8% were sold at asking, and 63% were sold over asking.
Days on Market for Wareham, MA
How long does it take to sell a home in Wareham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 27 Days | -30.5% |
Summary: Homes in Wareham had an average of 27 days on market in May 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wareham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Wareham; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
