Is East Wareham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, East Wareham has remained a Seller's Market.
Key Takeaway
East Wareham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Wareham, MA
How much do homes in East Wareham, MA cost?
Median Sold Price
$415,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in East Wareham have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in East Wareham was $415,000 in November 2023, up 4.7% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297K | $273.5K | -7.9% |
| 2 Bedrooms | $332.5K | $378.6K | +13.9% |
| 3 Bedrooms | $425K | $456K | +7.3% |
| 4 Bedrooms | $425.5K | $435K | +2.2% |
| 5+ Bedrooms | $521.8K | - | N/A |
Summary: East Wareham housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Wareham | $396.5K | $415K | +4.7% |
| Plymouth | $550K | $570K | +3.6% |
| Wareham | $405.6K | $411.6K | +1.5% |
| Buzzards Bay | $499.9K | $470K | -6.0% |
Housing Supply in East Wareham, MA
How many homes are available in East Wareham, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The East Wareham real estate market had 18 homes for sale in November 2023, a 21.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Wareham housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Wareham, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Wareham in November 2023, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Wareham, MA
How long does it take to sell a home in East Wareham, MA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -34.5% |
Summary: Homes in East Wareham had an average of 21 days on market in Nov 2023, down by 34.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Wareham are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 5 homes were sold in East Wareham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
