Is East Wareham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Wareham has remained a Seller's Market.
Key Takeaway
East Wareham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Wareham, MA
How much do homes in East Wareham, MA cost?
Median Sold Price
$409,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Wareham have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in East Wareham was $409,000 in April 2024, down 1.4% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284.5K | $275K | -3.3% |
| 2 Bedrooms | $335K | $384.2K | +14.7% |
| 3 Bedrooms | $434.7K | $450K | +3.5% |
| 4 Bedrooms | $425K | $435K | +2.4% |
| 5+ Bedrooms | $474.5K | $685K | +44.4% |
Summary: East Wareham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 44.4%.
Median Sold Price Compared To Nearby Cities
| Plymouth | $560K | $595.9K | +6.4% |
| Wareham | $410K | $419.7K | +2.4% |
| Buzzards Bay | $505K | $502.5K | -0.5% |
| East Wareham | $415K | $409K | -1.4% |
Housing Supply in East Wareham, MA
How many homes are available in East Wareham, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The East Wareham real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The East Wareham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Wareham, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Wareham in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for East Wareham, MA
How long does it take to sell a home in East Wareham, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 125 Days | 27 Days | -78.4% |
Summary: Homes in East Wareham had an average of 27 days on market in Apr 2024, down by 78.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Wareham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in East Wareham; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
