Is Swansea, 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, Swansea has remained a Seller's Market.
Key Takeaway
Swansea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swansea, MA
How much do homes in Swansea, MA cost?
Median Sold Price
$442,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swansea have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Swansea was $442,500 in April 2024, up 4.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256K | $405K | +58.2% |
| 2 Bedrooms | $357.4K | $350K | -2.1% |
| 3 Bedrooms | $452.5K | $462.5K | +2.2% |
| 4 Bedrooms | $479.9K | $492K | +2.5% |
| 5+ Bedrooms | $425K | $533K | +25.4% |
Summary: Swansea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in Swansea, MA
How many homes are available in Swansea, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Swansea real estate market had 40 homes for sale in April 2024, a 7.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Swansea 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 decreased by 30%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swansea, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Swansea in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 0% were sold at asking, and 62% were sold over asking.
Days on Market for Swansea, MA
How long does it take to sell a home in Swansea, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 41 Days | -24.4% |
Summary: Homes in Swansea had an average of 41 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swansea are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Swansea; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
