Is Swampscott, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$695,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swampscott have sold for 3% more than they did a year ago.
Summary: The median home sold price in Swampscott was $695,000 in April 2024, up 3% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.2K | $360K | +9.7% |
| 2 Bedrooms | $407.5K | $450K | +10.4% |
| 3 Bedrooms | $658.5K | $675K | +2.5% |
| 4 Bedrooms | $838K | $1.0M | +25.6% |
| 5+ Bedrooms | $969K | $1.4M | +46.3% |
Summary: Swampscott housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 46.3%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $825K | $915K | +10.9% |
| Swampscott | $675K | $695K | +3.0% |
| Salem | $540K | $549.8K | +1.8% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 50 | +31.6% |
Summary: The Swampscott real estate market had 50 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Swampscott housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 14 | +180.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swampscott, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Swampscott in April 2024, up by 180.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 16 Days | -46.7% |
Summary: Homes in Swampscott had an average of 16 days on market in Apr 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 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 April 2024, 14 homes were sold in Swampscott; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
