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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wenham is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Wenham was a Neutral Market.

Key Takeaway

Wenham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Wenham, MA cost?

Median Sold Price

$920,000

$373/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$90,000(+10.8%)

Key Takeaway

Homes in Wenham have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$272.5K
N/A
2 $530K$616.5K
+16.3%
3 $674K$717.5K
+6.5%
4 $865K$1.2M
+44.5%
5+ $1.6M$1.4M
-13.0%

Median Sold Price Compared To Nearby Cities

Wenham
+10.8%
Beverly
+7.0%
Topsfield
+6.9%
South Hamilton
-2.6%
Hamilton
-2.6%

How many homes are available in Wenham, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
2519-24.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 64
-33.3%
3 46
+50.0%
4 116
-45.5%
5+ 43
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wenham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
81 Days40 Days-50.2%

Breakdown of Home Sale Times

1 Home Was 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 Wenham 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 Wenham, MA

Wenham, MA has 19 homes on the market. Between September 2022 and October 2022, Wenham, MA real estate market has seen decrease in the number of listings by 24%. While the average time on the market in October 2022 was 40 days, the median list price was $920,000. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 16.3%, the cost of 3 bedrooms properties went up by 6.5%, the cost of 4 bedrooms properties went up by 44.5%, 5 bedrooms properties prices decreased by 13%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 33.3%, volume of 3 bedrooms homes went up by 50%, volume of 4 bedrooms homes went down by 45.5%, 5 bedrooms homes became 25% less available. Over 1 listings were sold over their listed price in October 2022 in Wenham, MA. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

Related Housing Market Reports