Is Marstons Mills, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marstons Mills has remained a Seller's Market.
Key Takeaway
Marstons Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marstons Mills, MA
How much do homes in Marstons Mills, MA cost?
Median Sold Price
$618,527
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marstons Mills have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Marstons Mills was $618,527 in May 2024, down 2.6% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | - | N/A |
| 2 Bedrooms | $535K | $465K | -13.1% |
| 3 Bedrooms | $610K | $680K | +11.5% |
| 4 Bedrooms | $834K | $1.0M | +28.9% |
| 5+ Bedrooms | $1.6M | - | N/A |
Summary: Marstons Mills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cotuit | $738.7K | $900K | +21.8% |
| Centerville | $583K | $645K | +10.6% |
| Barnstable Town | $601.4K | $630.3K | +4.8% |
| Marstons Mills | $635K | $618.5K | -2.6% |
| Osterville | $1.2M | $942.5K | -25.3% |
Housing Supply in Marstons Mills, MA
How many homes are available in Marstons Mills, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Summary: The Marstons Mills real estate market had 34 homes for sale in May 2024, a 36.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Marstons Mills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 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 Marstons Mills, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Marstons Mills in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Marstons Mills, MA
How long does it take to sell a home in Marstons Mills, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +39.9% |
Summary: Homes in Marstons Mills had an average of 22 days on market in May 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marstons Mills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Marstons Mills; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
