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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wellfleet is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Wellfleet, MA cost?

Median Sold Price

$850,000

$481/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$28,500(+3.5%)

Key Takeaway

Homes in Wellfleet have sold for 3.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $1.3M$378K
-71.5%
2 $292.2K$465K
+59.1%
3 $844K$915K
+8.4%
4 $1.1M$857.5K
-27.3%
5+ $5.5M$1.2M
-77.3%

Median Sold Price Compared To Nearby Cities

Eastham
+13.1%
Wellfleet
+3.5%

How many homes are available in Wellfleet, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
12120.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 22
0.0%
5+ 01
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wellfleet, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
51 Days31 Days-39.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wellfleet 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 Wellfleet, MA

Homes for sale in Wellfleet, MA have reached 12. While the average time on the market in November 2022 was 31 days, the median list price was $850,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went down by 71.5%, prices of 2 bedrooms properties went up by 59.1%, the cost of 3 bedrooms properties went up by 8.4%, prices of 4 bedrooms properties went down by 27.3%, prices of 5 bedrooms properties decreased by 77.3%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 11.1% less available, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory increased by 100%. In November 2022, from all listings sold in Wellfleet, MA there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.

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