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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Truro is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Truro was a Seller's Market.

Key Takeaway

Truro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Truro, MA

How much do homes in Truro, MA cost?

Median Sold Price

$1,062,500

$658/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$187,500(+21.4%)

Key Takeaway

Homes in Truro have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Truro was $1,062,500 in September 2024, up 21.4% from last year, and the median price per square foot was $658.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $315K$437.5K
+38.9%
2 $557.5K$655K
+17.5%
3 $895K$1.0M
+18.7%
4 $2.0M$2.4M
+20.1%
5+ -$1.5M
N/A

Summary: Truro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Truro
+66.6%
Truro
+21.4%
Wellfleet
-1.7%

Housing Supply in Truro, MA

How many homes are available in Truro, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
17170.0%

Summary: The Truro real estate market had 17 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 23
+50.0%
3 67
+16.7%
4 43
-25.0%
5+ 11
0.0%

Summary: The Truro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Truro, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Truro in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Truro, MA

How long does it take to sell a home in Truro, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days47 Days+150.0%

Summary: Homes in Truro had an average of 47 days on market in Sep 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Truro has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Truro; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Truro, MA

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