Is Marblehead, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marblehead is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Marblehead has remained a Seller's Market.

Key Takeaway

Marblehead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Marblehead, MA cost?

Median Sold Price

$795,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$10,000(+1.3%)

Key Takeaway

Homes in Marblehead have sold for 1.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $302.5K$335K
+10.7%
2 $537.6K$603K
+12.2%
3 $754K$775K
+2.8%
4 $950K$1.0M
+13.2%
5+ $1.4M$1.7M
+15.4%

Median Sold Price Compared To Nearby Cities

Salem
+9.4%
Swampscott
+7.0%
Marblehead
+1.3%

How many homes are available in Marblehead, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
9476-19.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 73
-57.1%
2 1311
-15.4%
3 3022
-26.7%
4 3334
+3.0%
5+ 116
-45.5%

Number of Homes Sold

Aug 2022Sep 2022%
3421-38.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marblehead, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
30 Days29 Days-3.2%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marblehead are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Marblehead, MA

Number of homes for sale in Marblehead, MA real estate market have reached 76. Between August 2022 and September 2022, Marblehead, MA real estate market has seen decrease in the number of listings by 19.1%. In September 2022 median list price was $795,000 and the average listing age was 29 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 10.7%, prices of 2 bedrooms properties went up by 12.2%, the cost of 3 bedrooms properties went up by 2.8%, prices of 4 bedrooms properties increased by 13.2%, the cost of 5 bedrooms properties went up by 15.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 57.1%, 2 bedrooms homes became 15.4% less available, 3 bedrooms homes inventory decreased by 26.7%, 4 bedrooms homes became 3% more available, number of 5 bedrooms homes decreased by 45.5%. In September 2022, from all listings sold in Marblehead, MA there were more than 13 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price.

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