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 September 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

$443,966

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$33,966(+8.3%)

Key Takeaway

Homes in Wareham have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Wareham was $443,966 in September 2024, up 8.3% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $280K$337.5K
+20.5%
2 $344K$377.9K
+9.9%
3 $452K$460K
+1.8%
4 $482.5K$585K
+21.2%
5+ $625K$752.5K
+20.4%

Summary: Wareham housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 20.4%.

Median Sold Price Compared To Nearby Cities

Marion
+11.1%
Wareham
+8.3%
West Wareham
+7.9%
East Wareham
-3.4%

Housing Supply in Wareham, MA

How many homes are available in Wareham, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
122121-0.8%

Summary: The Wareham real estate market had 121 homes for sale in September 2024, a 0.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 65
-16.7%
2 3638
+5.6%
3 5650
-10.7%
4 1520
+33.3%
5+ 98
-11.1%

Summary: The Wareham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2932+10.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

16 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. 50% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Wareham in September 2024, up by 10.3% month-over-month. Of the 32 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
29 Days41 Days+40.6%

Summary: Homes in Wareham had an average of 41 days on market in Sep 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were 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 September 2024, 32 homes were sold in Wareham; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% 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 Wareham, MA

Nearby Markets to Wareham, MA

What housing markets are near Wareham, MA?