Is West Yarmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, West Yarmouth has remained a Seller's Market.
Key Takeaway
West Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Yarmouth, MA
How much do homes in West Yarmouth, MA cost?
Median Sold Price
$527,250
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Yarmouth have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in West Yarmouth was $527,250 in March 2024, up 17.2% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $289K | -29.5% |
| 2 Bedrooms | $401K | $436.9K | +9.0% |
| 3 Bedrooms | $515K | $554.2K | +7.6% |
| 4 Bedrooms | $560K | $602K | +7.5% |
| 5+ Bedrooms | $1.1M | $770K | -30.9% |
Summary: West Yarmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 30.9%.
Median Sold Price Compared To Nearby Cities
| West Yarmouth | $450K | $527.2K | +17.2% |
| Yarmouth | $522K | $575K | +10.1% |
| South Yarmouth | $540K | $589.4K | +9.2% |
| Yarmouth Port | $579K | $630K | +8.8% |
| Hyannis | $440K | $464.9K | +5.7% |
Housing Supply in West Yarmouth, MA
How many homes are available in West Yarmouth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The West Yarmouth real estate market had 23 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Yarmouth 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 decreased by 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Yarmouth, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in West Yarmouth in March 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for West Yarmouth, MA
How long does it take to sell a home in West Yarmouth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 40 Days | -22.3% |
Summary: Homes in West Yarmouth had an average of 40 days on market in Mar 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Yarmouth has remained consistent over time.
Summary: During March 2024, 8 homes were sold in West Yarmouth; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
