Is North 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, North Falmouth has remained a Seller's Market.
Key Takeaway
North Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Falmouth, MA
How much do homes in North Falmouth, MA cost?
Median Sold Price
$900,000
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Falmouth have sold for 25.9% more than they did a year ago.
Summary: The median home sold price in North Falmouth was $900,000 in March 2024, up 25.9% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $477K | N/A |
| 2 Bedrooms | $550K | - | N/A |
| 3 Bedrooms | $677.5K | $848K | +25.2% |
| 4 Bedrooms | $980K | $1.2M | +24.0% |
| 5+ Bedrooms | $3.3M | $3.2M | -0.6% |
Summary: North Falmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| North Falmouth | $715K | $900K | +25.9% |
| Bourne | $549.9K | $630K | +14.6% |
| East Falmouth | $609.9K | $676.1K | +10.9% |
| Falmouth | $687.5K | $745.1K | +8.4% |
Housing Supply in North Falmouth, MA
How many homes are available in North Falmouth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The North Falmouth real estate market had 22 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North 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 remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Falmouth, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in North Falmouth in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for North Falmouth, MA
How long does it take to sell a home in North Falmouth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 64 Days | -12.3% |
Summary: Homes in North Falmouth had an average of 64 days on market in Mar 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in North Falmouth; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
