Is South Yarmouth, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Yarmouth is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in South Yarmouth, MA cost?

Median Sold Price

$510,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$82,500(+19.3%)

Key Takeaway

Homes in South Yarmouth have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $242.5K-
N/A
2 $367K$450K
+22.6%
3 $456K$525K
+15.1%
4 $475K$680K
+43.2%
5+ $662.5K$899.9K
+35.8%

Median Sold Price Compared To Nearby Cities

West Dennis
+37.5%
South Yarmouth
+19.3%
Yarmouth
+17.6%
West Yarmouth
+12.3%
Yarmouth Port
+9.8%

How many homes are available in South Yarmouth, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
5453-1.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 01
+100.0%
2 1916
-15.8%
3 2524
-4.0%
4 69
+50.0%
5+ 43
-25.0%

Number of Homes Sold

Jun 2022Jul 2022%
1612-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Yarmouth, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
16 Days21 Days+31.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About South Yarmouth, MA

There are 53 homes are for sale in South Yarmouth, MA real estate market. The number of homes for sale in South Yarmouth, MA decreased by 1.9% between June 2022 and July 2022. Listings spent 21 days on the market in July 2022, and had a median list price of $510,000 during the same period. Real estate listing prices changed between June 2022 and July 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 22.6% more expensive, prices of 3 bedrooms properties increased by 15.1%, prices of 4 bedrooms properties went up by 43.2%, the cost of 5 bedrooms properties went up by 35.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 100%, 2 bedrooms homes became 15.8% less available, volume of 3 bedrooms homes went down by 4%, 4 bedrooms homes became 50% more available, number of 5 bedrooms homes decreased by 25%. South Yarmouth, MA housing market in July 2022 saw over 9 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.

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