Is Bourne, 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, Bourne has remained a Seller's Market.
Key Takeaway
Bourne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bourne, MA
How much do homes in Bourne, MA cost?
Median Sold Price
$630,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bourne have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Bourne was $630,000 in May 2024, up 14.6% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $334K | +11.3% |
| 2 Bedrooms | $472K | $480K | +1.7% |
| 3 Bedrooms | $550K | $660K | +20.0% |
| 4 Bedrooms | $667.5K | $730K | +9.4% |
| 5+ Bedrooms | $925K | $1.1M | +21.1% |
Summary: Bourne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Pocasset | $587.5K | $725K | +23.4% |
| Bourne | $549.9K | $630K | +14.6% |
| Forestdale | $545K | $569.5K | +4.5% |
| Buzzards Bay | $499.9K | $520K | +4.0% |
Housing Supply in Bourne, MA
How many homes are available in Bourne, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 81 | +12.5% |
Summary: The Bourne real estate market had 81 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Bourne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bourne, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Bourne in May 2024, the same as the previous month. Of the 21 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% were sold over asking.
Days on Market for Bourne, MA
How long does it take to sell a home in Bourne, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 36 Days | +85.9% |
Summary: Homes in Bourne had an average of 36 days on market in May 2024, up by 85.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bourne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Bourne; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
