Is 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, Wareham has remained a Seller's Market.
Housing Prices in Wareham, MA
How much do homes in Wareham, MA cost?
Median Sold Price
$419,700
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wareham was $419,700 in April 2024, up 2.4% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268.5K | $311K | +15.8% |
2 Bedrooms | $345K | $358K | +3.8% |
3 Bedrooms | $440K | $441K | 0.2% |
4 Bedrooms | $480K | $490K | +2.1% |
5+ Bedrooms | $550K | $645K | +17.3% |
Summary: Wareham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
Marion | $699.9K | $860K | +22.9% |
West Wareham | $410K | $475K | +15.9% |
Wareham | $410K | $419.7K | +2.4% |
East Wareham | $415K | $409K | -1.4% |
Housing Supply in Wareham, MA
How many homes are available in Wareham, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 87 | +8.8% |
Summary: The Wareham real estate market had 87 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Wareham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Wareham in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for Wareham, MA
How long does it take to sell a home in Wareham, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 22 Days | -63.8% |
Summary: Homes in Wareham had an average of 22 days on market in Apr 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Wareham; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.