Is West Yarmouth, 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, West Yarmouth has remained a Seller's Market.
Key Takeaway
West Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Yarmouth, MA
How much do homes in West Yarmouth, MA cost?
Median Sold Price
$526,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Yarmouth have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in West Yarmouth was $526,000 in May 2024, up 13.1% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $277K | -32.4% |
| 2 Bedrooms | $415K | $434K | +4.6% |
| 3 Bedrooms | $521.7K | $554.2K | +6.2% |
| 4 Bedrooms | $560K | $602K | +7.5% |
| 5+ Bedrooms | $600K | $950K | +58.3% |
Summary: West Yarmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 58.3%.
Median Sold Price Compared To Nearby Cities
| Yarmouth Port | $569K | $670K | +17.8% |
| Hyannis | $440K | $500K | +13.6% |
| West Yarmouth | $465K | $526K | +13.1% |
| Yarmouth | $530K | $581.7K | +9.8% |
| South Yarmouth | $550K | $600K | +9.1% |
Housing Supply in West Yarmouth, MA
How many homes are available in West Yarmouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 56 | +55.6% |
Summary: The West Yarmouth real estate market had 56 homes for sale in May 2024, a 55.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The West Yarmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Yarmouth, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Yarmouth in May 2024, up by 116.7% month-over-month. Of the 13 sold homes, 8% were sold under asking, 23% were sold at asking, and 69% were sold over asking.
Days on Market for West Yarmouth, MA
How long does it take to sell a home in West Yarmouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -34.3% |
Summary: Homes in West Yarmouth had an average of 15 days on market in May 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in West Yarmouth; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
