Is Falmouth, 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, Falmouth has remained a Seller's Market.
Housing Prices in Falmouth, MA
How much do homes in Falmouth, MA cost?
Median Sold Price
$745,166
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Falmouth was $745,166 in March 2024, up 8.4% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $399K | +37.6% |
2 Bedrooms | $515K | $545K | +5.8% |
3 Bedrooms | $665K | $735K | +10.5% |
4 Bedrooms | $884.4K | $935K | +5.7% |
5+ Bedrooms | $1.4M | $1.3M | -1.8% |
Summary: Falmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
North Falmouth | $715K | $900K | +25.9% |
East Falmouth | $609.9K | $676.1K | +10.9% |
Falmouth | $687.5K | $745.1K | +8.4% |
Mashpee | $620K | $638.6K | +3.0% |
Housing Supply in Falmouth, MA
How many homes are available in Falmouth, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 128 | +17.4% |
Summary: The Falmouth real estate market had 128 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 52 | 59 | +13.5% |
4 Bedrooms | 23 | 32 | +39.1% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Falmouth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 34 | +100.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Falmouth in March 2024, up by 100.0% month-over-month. Of the 34 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for Falmouth, MA
How long does it take to sell a home in Falmouth, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 48 Days | +4.2% |
Summary: Homes in Falmouth had an average of 48 days on market in Mar 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Falmouth; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.