Is North Falmouth, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Falmouth is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, North Falmouth was a Neutral Market.

Key Takeaway

North Falmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Falmouth, MA

How much do homes in North Falmouth, MA cost?

Median Sold Price

$925,000

$508/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$120,000(+14.9%)

Key Takeaway

Homes in North Falmouth have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in North Falmouth was $925,000 in September 2024, up 14.9% from last year, and the median price per square foot was $508.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$477K
N/A
2 $550K$460K
-16.4%
3 $707.5K$900K
+27.2%
4 $950K$1.2M
+35.4%
5+ $1.9M$3.2M
+70.8%

Summary: North Falmouth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 70.8%.

Median Sold Price Compared To Nearby Cities

North Falmouth
+14.9%
Bourne
+10.8%
Falmouth
+7.5%
East Falmouth
+5.6%

Housing Supply in North Falmouth, MA

How many homes are available in North Falmouth, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2528+12.0%

Summary: The North Falmouth real estate market had 28 homes for sale in September 2024, a 12.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 00
0.0%
3 1516
+6.7%
4 810
+25.0%
5+ 11
0.0%

Summary: The North Falmouth housing inventory by bedroom type for September 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 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Falmouth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in North Falmouth in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Sep 2023Sep 2024CHANGE
25 Days64 Days+157.3%

Summary: Homes in North Falmouth had an average of 64 days on market in Sep 2024, up by 157.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in North Falmouth; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

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