Is Marblehead, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Marblehead was a Seller's Market.
Key Takeaway
Marblehead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marblehead, MA
How much do homes in Marblehead, MA cost?
Median Sold Price
$915,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marblehead have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Marblehead was $915,000 in April 2024, up 10.9% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.5K | $410K | +22.9% |
| 2 Bedrooms | $560K | $669K | +19.5% |
| 3 Bedrooms | $795K | $854K | +7.4% |
| 4 Bedrooms | $1.1M | $1.2M | +5.8% |
| 5+ Bedrooms | $1.6M | $1.6M | -5.7% |
Summary: Marblehead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Marblehead | $825K | $915K | +10.9% |
| Salem | $540K | $549.8K | +1.8% |
Housing Supply in Marblehead, MA
How many homes are available in Marblehead, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 65 | +32.7% |
Summary: The Marblehead real estate market had 65 homes for sale in April 2024, a 32.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 11 | 24 | +118.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Marblehead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 118.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Marblehead in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Marblehead, MA
How long does it take to sell a home in Marblehead, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 19 Days | -59.1% |
Summary: Homes in Marblehead had an average of 19 days on market in Apr 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Marblehead; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
