Is East Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, East Falmouth was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285.5K | - | N/A |
2 Bedrooms | $510K | $482.5K | -5.4% |
3 Bedrooms | $600K | $674.9K | +12.5% |
4 Bedrooms | $694.5K | $819K | +17.9% |
5+ Bedrooms | $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%.
Housing Supply in East Falmouth, MA
How many homes are available in East Falmouth, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 55 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 12 | 7 | -41.7% |
5+ Bedrooms | 4 | 2 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 9 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 47 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
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.