$10,000 Closing Credit*
$1,149,000
2,156 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73300006, Wendy Webber, Listing Office: Coldwell Banker Realty - Marblehead
Is Swampscott, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Swampscott, MA
How much do homes in Swampscott, MA cost?
Median Sold Price
$735,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$85,000(+13.1%)
Key Takeaway
Homes in Swampscott have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Swampscott was $735,000 in September 2024, up 13.1% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $374.9K | +7.1% |
| 2 Bedrooms | $415K | $482K | +16.1% |
| 3 Bedrooms | $660K | $720K | +9.1% |
| 4 Bedrooms | $869K | $967K | +11.3% |
| 5+ Bedrooms | $985K | $1.2M | +21.8% |
Summary: Swampscott housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Swampscott | $650K | $735K | +13.1% |
| Salem | $540K | $595.7K | +10.3% |
| Marblehead | $887K | $935K | +5.4% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Swampscott real estate market had 48 homes for sale in September 2024, a 9.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 8 | 16 | +100.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Swampscott 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swampscott, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Swampscott in September 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Swampscott, MA
How long does it take to sell a home in Swampscott, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 35 Days | 20 Days | -42.0% |
Summary: Homes in Swampscott had an average of 20 days on market in Sep 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swampscott are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Swampscott; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
