$3,859 Closing Credit*
$325,000
440 SqFt
1 Bed
•1 Full Bath
#73299081, Team Rick & Devin, Listing Office: Gibson Sotheby's International Realty
Is Truro, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $437.5K | +38.9% |
| 2 Bedrooms | $557.5K | $655K | +17.5% |
| 3 Bedrooms | $895K | $1.0M | +18.7% |
| 4 Bedrooms | $2.0M | $2.4M | +20.1% |
| 5+ Bedrooms | - | $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 | $726.5K | $1.2M | +66.6% |
| Truro | $875K | $1.0M | +21.4% |
| Wellfleet | $915K | $899.9K | -1.7% |
Housing Supply in Truro, MA
How many homes are available in Truro, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -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
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 47 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
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.
