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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southampton is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Southampton, MA

How much do homes in Southampton, MA cost?

Median Sold Price

$425,150

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$4,850(-1.1%)

Key Takeaway

Homes in Southampton have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Southampton was $425,150 in September 2024, down 1.1% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $430K$276K
-35.8%
2 $197K$323K
+64.0%
3 $420K$498K
+18.6%
4 $539.5K$434K
-19.6%
5+ $395K$667K
+68.9%

Summary: Southampton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.8%, 2 bedroom homes increased by 64%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 68.9%.

Median Sold Price Compared To Nearby Cities

Westhampton
+11.4%
Holyoke
+5.6%
Easthampton
+5.3%
Easthampton Town
+4.4%
Southampton
-1.1%

Housing Supply in Southampton, MA

How many homes are available in Southampton, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1416+14.3%

Summary: The Southampton real estate market had 16 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 77
0.0%
4 56
+20.0%
5+ 11
0.0%

Summary: The Southampton 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southampton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Southampton in September 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Southampton, MA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days49 Days+151.3%

Summary: Homes in Southampton had an average of 49 days on market in Sep 2024, up by 151.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Southampton; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 Sep 1, 2024

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