Is Rehoboth, 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, Rehoboth has remained a Seller's Market.
Key Takeaway
Rehoboth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rehoboth, MA
How much do homes in Rehoboth, MA cost?
Median Sold Price
$605,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rehoboth have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Rehoboth was $605,000 in March 2024, up 5.2% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $215K | -30.6% |
| 2 Bedrooms | $469.8K | $516.9K | +10.0% |
| 3 Bedrooms | $541K | $560K | +3.5% |
| 4 Bedrooms | $740K | $691.5K | -6.6% |
| 5+ Bedrooms | $625K | $900K | +44.0% |
Summary: Rehoboth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 44%.
Housing Supply in Rehoboth, MA
How many homes are available in Rehoboth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Summary: The Rehoboth real estate market had 29 homes for sale in March 2024, a 14.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Rehoboth 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 decreased by 50%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rehoboth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rehoboth in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rehoboth, MA
How long does it take to sell a home in Rehoboth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 50 Days | +25.9% |
Summary: Homes in Rehoboth had an average of 50 days on market in Mar 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rehoboth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Rehoboth; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
