Is Wenham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wenham was a Seller's Market.
Housing Prices in Wenham, MA
How much do homes in Wenham, MA cost?
Median Sold Price
$975,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wenham was $975,000 in March 2024, down 18.8% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $325K | +19.3% |
2 Bedrooms | $1.2M | $700K | -41.7% |
3 Bedrooms | $682K | $815K | +19.5% |
4 Bedrooms | $1.2M | $1.1M | -4.4% |
5+ Bedrooms | $1.4M | $1.5M | +12.1% |
Summary: Wenham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Hamilton | $709.2K | $847K | +19.4% |
South Hamilton | $707.5K | $833K | +17.7% |
Beverly | $620K | $680K | +9.7% |
Topsfield | $780K | $855K | +9.6% |
Wenham | $1.2M | $975K | -18.8% |
Housing Supply in Wenham, MA
How many homes are available in Wenham, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Summary: The Wenham real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Wenham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Wenham in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Wenham, MA
How long does it take to sell a home in Wenham, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 28 Days | +68.0% |
Summary: Homes in Wenham had an average of 28 days on market in Mar 2024, up by 68% compared to last year.
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
Summary: During March 2024, 2 homes were sold in Wenham; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.