Is Bourne, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourne is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Bourne has remained a Seller's Market.

Key Takeaway

Bourne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bourne, MA cost?

Median Sold Price

$535,000

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$83,737(+18.6%)

Key Takeaway

Homes in Bourne have sold for 18.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $240.9K$227.5K
-5.6%
2 $375K$415K
+10.7%
3 $436.2K$535K
+22.6%
4 $650K$677.5K
+4.2%
5+ $900K$960K
+6.7%

Median Sold Price Compared To Nearby Cities

Bourne
+18.6%
Buzzards Bay
+15.6%
Forestdale
+10.5%
Pocasset
-1.8%

How many homes are available in Bourne, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
108106-1.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 10
-100.0%
2 3127
-12.9%
3 4748
+2.1%
4 1920
+5.3%
5+ 1011
+10.0%

Number of Homes Sold

Jun 2022Jul 2022%
24240.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourne, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
46 Days51 Days+10.4%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bourne are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bourne, MA

Homes for sale in Bourne, MA have reached 106. The number of homes for sale in Bourne, MA decreased by 1.9% between June 2022 and July 2022. In July 2022 median list price was $535,000 and the average listing age was 51 days. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 5.6% more cheaper, the cost of 2 bedrooms properties went up by 10.7%, the cost of 3 bedrooms properties went up by 22.6%, 4 bedrooms properties became 4.2% more expensive, prices of 5 bedrooms properties increased by 6.7%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 100%, volume of 2 bedrooms homes went down by 12.9%, 3 bedrooms homes inventory increased by 2.1%, 4 bedrooms homes inventory increased by 5.3%, volume of 5 bedrooms homes went up by 10%. While more than 11 listings in Bourne, MA in July 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 8 were sold below.

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