Is East Falmouth, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Falmouth is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, East Falmouth was a Seller's Market.

Key Takeaway

East Falmouth is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Falmouth, MA

How much do homes in East Falmouth, MA cost?

Median Sold Price

$673,712

$432/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$67,079(+11.1%)

Key Takeaway

Homes in East Falmouth have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in East Falmouth was $673,712 in February 2024, up 11.1% from last year, and the median price per square foot was $432.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $285.5K-
N/A
2 $510K$482.5K
-5.4%
3 $600K$674.9K
+12.5%
4 $694.5K$819K
+17.9%
5+ $840K$1.3M
+55.5%

Summary: East Falmouth housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 55.5%.

Median Sold Price Compared To Nearby Cities

North Falmouth
+13.8%
East Falmouth
+11.1%
Mashpee
+7.3%
Falmouth
+6.8%

Housing Supply in East Falmouth, MA

How many homes are available in East Falmouth, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
55550.0%

Summary: The East Falmouth real estate market had 55 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 611
+83.3%
3 3335
+6.1%
4 127
-41.7%
5+ 42
-50.0%

Summary: The East Falmouth housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
199-52.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Falmouth, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in East Falmouth in February 2024, down by 52.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for East Falmouth, MA

How long does it take to sell a home in East Falmouth, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days47 Days-0.9%

Summary: Homes in East Falmouth had an average of 47 days on market in Feb 2024, down by 0.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 9 homes were sold in East Falmouth; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in East Falmouth, MA

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