$8,016 Closing Credit*
$675,000
2,908 SqFt
4 Beds
•1 Full Bath
#73286973, Margarita Aronova, Listing Office: Aronova Realty
Is East Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, East Falmouth has remained a Seller's Market.
Key Takeaway
East Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Falmouth, MA
How much do homes in East Falmouth, MA cost?
Median Sold Price
$687,437
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$57,437(+9.1%)
Key Takeaway
Homes in East Falmouth have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in East Falmouth was $687,437 in August 2024, up 9.1% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $685K | +77.9% |
| 2 Bedrooms | $467.5K | $517K | +10.6% |
| 3 Bedrooms | $637.5K | $686.5K | +7.7% |
| 4 Bedrooms | $739.5K | $810K | +9.5% |
| 5+ Bedrooms | $1.2M | $1.4M | +12.0% |
Summary: East Falmouth housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12%.
Housing Supply in East Falmouth, MA
How many homes are available in East Falmouth, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 96 | 107 | +11.5% |
Summary: The East Falmouth real estate market had 107 homes for sale in August 2024, a 11.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 40 | 47 | +17.5% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The East Falmouth housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Falmouth, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in East Falmouth in August 2024, up by 21.1% month-over-month. Of the 23 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 46 Days | +161.5% |
Summary: Homes in East Falmouth had an average of 46 days on market in Aug 2024, up by 161.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 23 homes were sold in East Falmouth; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
