Is Bourne, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Bourne, MA
How much do homes in Bourne, MA cost?
Median Sold Price
$630,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bourne have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Bourne was $630,000 in March 2024, up 14.6% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $334K | +12.3% |
| 2 Bedrooms | $475K | $480K | +1.1% |
| 3 Bedrooms | $545K | $649.9K | +19.3% |
| 4 Bedrooms | $671K | $745K | +11.0% |
| 5+ Bedrooms | $1.0M | $900K | -16.9% |
Summary: Bourne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Pocasset | $589.5K | $725K | +23.0% |
| Bourne | $549.9K | $630K | +14.6% |
| Forestdale | $535K | $559.5K | +4.6% |
| Buzzards Bay | $500K | $515K | +3.0% |
Housing Supply in Bourne, MA
How many homes are available in Bourne, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 62 | -3.1% |
Summary: The Bourne real estate market had 62 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bourne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bourne, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Bourne in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for Bourne, MA
How long does it take to sell a home in Bourne, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 41 Days | -46.4% |
Summary: Homes in Bourne had an average of 41 days on market in Mar 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bourne are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Bourne; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
