Is West Wareham, 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, West Wareham has remained a Seller's Market.
Key Takeaway
West Wareham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Wareham, MA
How much do homes in West Wareham, MA cost?
Median Sold Price
$475,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Wareham have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in West Wareham was $475,000 in May 2024, up 15.9% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $342.5K | +31.7% |
| 2 Bedrooms | $330K | $325K | -1.5% |
| 3 Bedrooms | $424.9K | $489K | +15.1% |
| 4 Bedrooms | $599.9K | $622.5K | +3.8% |
| 5+ Bedrooms | - | $765K | N/A |
Summary: West Wareham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in West Wareham, MA
How many homes are available in West Wareham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The West Wareham real estate market had 9 homes for sale in May 2024, a 10.0% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Wareham 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Wareham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in West Wareham in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for West Wareham, MA
How long does it take to sell a home in West Wareham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 16 Days | -69.8% |
Summary: Homes in West Wareham had an average of 16 days on market in May 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
5 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 West Wareham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in West Wareham; 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.
