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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wareham is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Wareham has remained a Seller's Market.

Key Takeaway

Wareham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wareham, MA cost?

Median Sold Price

$367,893

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$47,930(+15.0%)

Key Takeaway

Homes in Wareham have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $217K$225K
+3.7%
2 $269.5K$300K
+11.3%
3 $349.4K$410K
+17.3%
4 $407.5K$436.5K
+7.1%
5+ $447.5K$700K
+56.4%

Median Sold Price Compared To Nearby Cities

West Wareham
+15.3%
Wareham
+15.0%
East Wareham
+14.8%
Marion
-4.3%

How many homes are available in Wareham, MA?

Number of Homes For Sale

Apr 2022May 2022%
121134+10.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 57
+40.0%
2 3539
+11.4%
3 5051
+2.0%
4 2224
+9.1%
5+ 913
+44.4%

Number of Homes Sold

Apr 2022May 2022%
3429-14.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wareham, you could pay more than the asking price. 86.2% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
32 Days32 Days+1.4%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wareham are selling fast, if you're buying plan to act quickly.

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

About Wareham, MA

Homes for sale in Wareham, MA have reached 134. The number of homes for sale in Wareham, MA increased by 10.7% between April 2022 and May 2022. While the average time on the market in May 2022 was 32 days, the median list price was $367,893. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 3.7% more expensive, 2 bedrooms properties prices increased by 11.3%, 3 bedrooms properties became 17.3% more expensive, prices of 4 bedrooms properties increased by 7.1%, prices of 5 bedrooms properties increased by 56.4%. Housing inventory have changed in this real estate market: 1 bedroom homes became 40% more available, number of 2 bedrooms homes increased by 11.4%, 3 bedrooms homes inventory increased by 2%, 4 bedrooms homes became 9.1% more available, volume of 5 bedrooms homes went up by 44.4%. While more than 25 listings in Wareham, MA in May 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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