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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swampscott is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Swampscott, MA cost?

Median Sold Price

$606,250

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$24,500(+4.2%)

Key Takeaway

Homes in Swampscott have sold for 4.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $299K$309K
+3.3%
2 $375K$451.5K
+20.4%
3 $590K$594.9K
+0.8%
4 $655K$775K
+18.3%
5+ $721K$785K
+8.9%

Median Sold Price Compared To Nearby Cities

Marblehead
+18.7%
Lynn
+13.6%
Salem
+13.3%
Swampscott
+4.2%

How many homes are available in Swampscott, MA?

Number of Homes For Sale

Mar 2022Apr 2022%
4358+34.9%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 44
0.0%
2 1011
+10.0%
3 1214
+16.7%
4 1319
+46.2%
5+ 410
+150.0%

Number of Homes Sold

Mar 2022Apr 2022%
512+140.0%

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 Swampscott, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
18 Days26 Days+43.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Swampscott 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 Swampscott, MA

Homes for sale in Swampscott, MA have reached 58. In April 2022 in Swampscott, MA there were 34.9% more homes for sale than in March 2022. Listings spent 26 days on the market in April 2022, and had a median list price of $606,250 during the same period. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties prices increased by 3.3%, prices of 2 bedrooms properties went up by 20.4%, prices of 3 bedrooms properties increased by 0.8%, the cost of 4 bedrooms properties went up by 18.3%, 5 bedrooms properties became 8.9% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 10%, 3 bedrooms homes became 16.7% more available, the quantity of 4 bedrooms homes went up by 46.2%, volume of 5 bedrooms homes went up by 150%. While more than 9 listings in Swampscott, MA in April 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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