Is Swampscott, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Swampscott has remained a Seller's Market.
Housing Prices in Swampscott, MA
How much do homes in Swampscott, MA cost?
Median Sold Price
$735,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Swampscott was $735,000 in June 2024, up 11.4% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332K | $450.5K | +35.7% |
2 Bedrooms | $410K | $475K | +15.9% |
3 Bedrooms | $642.4K | $730K | +13.6% |
4 Bedrooms | $838K | $1.0M | +25.3% |
5+ Bedrooms | $1.2M | $1.2M | 0.0% |
Summary: Swampscott housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Swampscott | $660K | $735K | +11.4% |
Marblehead | $850K | $945K | +11.2% |
Salem | $540.6K | $557.2K | +3.1% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
54 | 56 | +3.7% |
Summary: The Swampscott real estate market had 56 homes for sale in June 2024, a 3.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 11 | -31.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Swampscott housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Swampscott in June 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
41 Days | 38 Days | -5.3% |
Summary: Homes in Swampscott had an average of 38 days on market in Jun 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Swampscott; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.