Is Southampton, 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, 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
$430,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southampton have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Southampton was $430,000 in March 2024, down 6.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $332.5K | N/A |
| 2 Bedrooms | $224.5K | $323K | +43.9% |
| 3 Bedrooms | $431.7K | $430K | -0.4% |
| 4 Bedrooms | $547.5K | $525K | -4.1% |
| 5+ Bedrooms | $580K | $395K | -31.9% |
Summary: Southampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Westhampton | $478.5K | $581.5K | +21.5% |
| Holyoke | $270.6K | $300K | +10.8% |
| Easthampton | $390K | $396K | +1.5% |
| Easthampton Town | $385K | $389.5K | +1.2% |
| Southampton | $460K | $430K | -6.5% |
Housing Supply in Southampton, MA
How many homes are available in Southampton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Southampton real estate market had 8 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
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 3 homes were sold or pending in Southampton in March 2024, the same as the previous month. Of the 3 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 125 Days | 60 Days | -51.5% |
Summary: Homes in Southampton had an average of 60 days on market in Mar 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southampton has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Southampton; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
