Is Scituate, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scituate is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Scituate has remained a Seller's Market.

Key Takeaway

Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scituate, MA

How much do homes in Scituate, MA cost?

Median Sold Price

$865,000

$467/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+0.6%)

Key Takeaway

Homes in Scituate have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Scituate was $865,000 in October 2024, up 0.6% from last year, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $502.5K$500.7K
-0.3%
2 $729K$750K
+2.9%
3 $830K$818.2K
-1.4%
4 $1.0M$998K
-6.1%
5+ $1.4M$1.7M
+27.8%

Summary: Scituate housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Cities

Hingham
+10.8%
Marshfield
+7.3%
Cohasset
+0.9%
Scituate
+0.6%

Housing Supply in Scituate, MA

How many homes are available in Scituate, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9190-1.1%

Summary: The Scituate real estate market had 90 homes for sale in October 2024, a 1.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1510
-33.3%
3 3736
-2.7%
4 2327
+17.4%
5+ 1516
+6.7%

Summary: The Scituate housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2326+13.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scituate, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Scituate in October 2024, up by 13.0% month-over-month. Of the 26 sold homes, 58% were sold under asking, 4% were sold at asking, and 38% were sold over asking.

Days on Market for Scituate, MA

How long does it take to sell a home in Scituate, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days41 Days+21.2%

Summary: Homes in Scituate had an average of 41 days on market in Oct 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 26 homes were sold in Scituate; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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 11 Days Ago

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