Is South Yarmouth, 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, 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.
Housing Prices in South Yarmouth, MA
How much do homes in South Yarmouth, MA cost?
Median Sold Price
$589,450
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Yarmouth have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in South Yarmouth was $589,450 in March 2024, up 9.2% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352.5K | $328K | -7.0% |
| 2 Bedrooms | $476.2K | $530K | +11.3% |
| 3 Bedrooms | $557.5K | $645K | +15.7% |
| 4 Bedrooms | $821.2K | $875K | +6.5% |
| 5+ Bedrooms | $719.5K | $775K | +7.7% |
Summary: South Yarmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| West Yarmouth | $450K | $527.2K | +17.2% |
| Yarmouth | $522K | $575K | +10.1% |
| South Yarmouth | $540K | $589.4K | +9.2% |
| Yarmouth Port | $579K | $630K | +8.8% |
Housing Supply in South Yarmouth, MA
How many homes are available in South Yarmouth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The South Yarmouth real estate market had 42 homes for sale in March 2024, a 2.3% decrease 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Yarmouth 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 remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Yarmouth, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in South Yarmouth in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for South Yarmouth, MA
How long does it take to sell a home in South Yarmouth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 23 Days | -61.4% |
Summary: Homes in South Yarmouth had an average of 23 days on market in Mar 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in South Yarmouth; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
