Is Wareham, 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, Wareham has remained a Seller's Market.
Housing Prices in Wareham, MA
How much do homes in Wareham, MA cost?
Median Sold Price
$422,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Wareham was $422,000 in June 2024, up 2.9% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $332.5K | +25.5% |
2 Bedrooms | $345.5K | $362.5K | +4.9% |
3 Bedrooms | $440K | $450K | +2.3% |
4 Bedrooms | $492K | $510K | +3.7% |
5+ Bedrooms | $550K | $662.5K | +20.5% |
Summary: Wareham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
Marion | $694.9K | $807K | +16.1% |
West Wareham | $415K | $475K | +14.5% |
Wareham | $410K | $422K | +2.9% |
East Wareham | $417K | $409.5K | -1.8% |
Housing Supply in Wareham, MA
How many homes are available in Wareham, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
102 | 102 | 0.0% |
Summary: The Wareham real estate market had 102 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 3 | -50.0% |
2 Bedrooms | 28 | 27 | -3.6% |
3 Bedrooms | 41 | 42 | +2.4% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Wareham 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 3.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Wareham in June 2024, up by 11.5% month-over-month. Of the 29 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for Wareham, MA
How long does it take to sell a home in Wareham, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 23 Days | -16.7% |
Summary: Homes in Wareham had an average of 23 days on market in Jun 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 29 homes were sold in Wareham; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.