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 March 2023

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.

Housing Prices in Wareham, MA

How much do homes in Wareham, MA cost?

Median Sold Price

$420,000

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+2.4%)

Key Takeaway

Homes in Wareham have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Wareham was $420,000 in March 2024, up 2.4% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $278.7K$299.9K
+7.6%
2 $350K$359.9K
+2.8%
3 $440K$442K
0.5%
4 $480K$492K
+2.5%
5+ $544.7K$645K
+18.4%

Summary: Wareham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Cities

Marion
+21.1%
West Wareham
+9.2%
Wareham
+2.4%
East Wareham
+1.9%

Housing Supply in Wareham, MA

How many homes are available in Wareham, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6679+19.7%

Summary: The Wareham real estate market had 79 homes for sale in March 2024, a 19.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 47
+75.0%
2 1620
+25.0%
3 3029
-3.3%
4 812
+50.0%
5+ 811
+37.5%

Summary: The Wareham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wareham, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Wareham in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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

Mar 2023Mar 2024CHANGE
46 Days35 Days-22.8%

Summary: Homes in Wareham had an average of 35 days on market in Mar 2024, down by 22.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 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.

Summary: During March 2024, 18 homes were sold in Wareham; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 12 Days Ago

Newest Listings in Wareham, MA

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