Is Eastham, 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, Eastham has remained a Seller's Market.
Key Takeaway
Eastham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastham, MA
How much do homes in Eastham, MA cost?
Median Sold Price
$795,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eastham have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Eastham was $795,000 in March 2024, up 9.1% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $876.6K | $390K | -55.5% |
| 2 Bedrooms | $587.5K | $650K | +10.6% |
| 3 Bedrooms | $745K | $902.5K | +21.1% |
| 4 Bedrooms | $880K | $952.5K | +8.2% |
| 5+ Bedrooms | $1.2M | $737K | -38.8% |
Summary: Eastham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Eastham | $728.7K | $795K | +9.1% |
| Orleans | $1.2M | $822.5K | -35.5% |
Housing Supply in Eastham, MA
How many homes are available in Eastham, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Eastham real estate market had 17 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Eastham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eastham, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Eastham in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Eastham, MA
How long does it take to sell a home in Eastham, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 122 Days | +120.2% |
Summary: Homes in Eastham had an average of 122 days on market in Mar 2024, up by 120.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eastham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Eastham; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
