Is South Yarmouth, 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, South Yarmouth has remained a Seller's Market.
Key Takeaway
South Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Yarmouth, MA
How much do homes in South Yarmouth, MA cost?
Median Sold Price
$600,000
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Yarmouth have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in South Yarmouth was $600,000 in May 2024, up 9.1% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $365K | +21.7% |
| 2 Bedrooms | $510K | $530K | +3.9% |
| 3 Bedrooms | $575K | $620K | +7.8% |
| 4 Bedrooms | $840K | $875K | +4.2% |
| 5+ Bedrooms | $739K | $1.0M | +42.4% |
Summary: South Yarmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 42.4%.
Median Sold Price Compared To Nearby Cities
| Yarmouth Port | $569K | $670K | +17.8% |
| West Yarmouth | $465K | $526K | +13.1% |
| Yarmouth | $530K | $581.7K | +9.8% |
| South Yarmouth | $550K | $600K | +9.1% |
| West Dennis | $685K | $584.5K | -14.7% |
Housing Supply in South Yarmouth, MA
How many homes are available in South Yarmouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The South Yarmouth real estate market had 45 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The South Yarmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Yarmouth, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in South Yarmouth in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for South Yarmouth, MA
How long does it take to sell a home in South Yarmouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +52.5% |
Summary: Homes in South Yarmouth had an average of 32 days on market in May 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in South Yarmouth; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
