Is Nahant, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Nahant has remained a Seller's Market.
Key Takeaway
Nahant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nahant, MA
How much do homes in Nahant, MA cost?
Median Sold Price
$1,050,000
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Nahant have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Nahant was $1,050,000 in June 2024, up 23.5% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.5K | $330K | -13.5% |
| 2 Bedrooms | $670K | $524.5K | -21.7% |
| 3 Bedrooms | $870K | $970K | +11.5% |
| 4 Bedrooms | $925K | $1.3M | +46.6% |
| 5+ Bedrooms | $1.1M | $1.6M | +45.5% |
Summary: Nahant housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes increased by 45.5%.
Median Sold Price Compared To Nearby Cities
| Nahant | $850K | $1.0M | +23.5% |
| Lynn | $517.7K | $558K | +7.8% |
Housing Supply in Nahant, MA
How many homes are available in Nahant, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Nahant real estate market had 28 homes for sale in June 2024, a 7.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Nahant housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nahant, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Nahant in June 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Nahant, MA
How long does it take to sell a home in Nahant, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | +1.6% |
Summary: Homes in Nahant had an average of 21 days on market in Jun 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nahant are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Nahant; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
