Is Marblehead, 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, 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.
Housing Prices in Marblehead, MA
How much do homes in Marblehead, MA cost?
Median Sold Price
$925,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marblehead have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Marblehead was $925,000 in March 2024, up 15.6% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | $425K | +28.0% |
| 2 Bedrooms | $558.1K | $647K | +15.9% |
| 3 Bedrooms | $790K | $850K | +7.6% |
| 4 Bedrooms | $1.1M | $1.1M | +2.9% |
| 5+ Bedrooms | $1.5M | $1.6M | +1.6% |
Summary: Marblehead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $800K | $925K | +15.6% |
| Salem | $537.6K | $549.9K | +2.3% |
Housing Supply in Marblehead, MA
How many homes are available in Marblehead, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 50 | +51.5% |
Summary: The Marblehead real estate market had 50 homes for sale in March 2024, a 51.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Marblehead 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 77.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Marblehead in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
Days on Market for Marblehead, MA
How long does it take to sell a home in Marblehead, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 53 Days | +75.5% |
Summary: Homes in Marblehead had an average of 53 days on market in Mar 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Marblehead; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
