Is 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, Yarmouth has remained a Seller's Market.
Key Takeaway
Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yarmouth, MA
How much do homes in Yarmouth, MA cost?
Median Sold Price
$575,000
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Yarmouth have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Yarmouth was $575,000 in March 2024, up 10.1% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $445K | $289K | -35.1% |
| 2 Bedrooms | $439.5K | $495K | +12.6% |
| 3 Bedrooms | $558.2K | $640K | +14.6% |
| 4 Bedrooms | $737.5K | $710K | -3.7% |
| 5+ Bedrooms | $739K | $862.5K | +16.7% |
Summary: Yarmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 16.7%.
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% |
| Dennis | $570K | $575K | +0.9% |
Housing Supply in Yarmouth, MA
How many homes are available in Yarmouth, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 94 | -1.1% |
Summary: The Yarmouth real estate market had 94 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 38 | 33 | -13.2% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 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 13.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yarmouth, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Yarmouth in March 2024, down by 3.7% month-over-month. Of the 26 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Yarmouth, MA
How long does it take to sell a home in Yarmouth, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 30 Days | -38.8% |
Summary: Homes in Yarmouth had an average of 30 days on market in Mar 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in Yarmouth; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
