Is Falmouth, 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, Falmouth has remained a Seller's Market.
Key Takeaway
Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falmouth, MA
How much do homes in Falmouth, MA cost?
Median Sold Price
$744,000
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Falmouth have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Falmouth was $744,000 in May 2024, up 6.5% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $387.6K | -3.1% |
| 2 Bedrooms | $515K | $560K | +8.7% |
| 3 Bedrooms | $675K | $737.5K | +9.3% |
| 4 Bedrooms | $865K | $980K | +13.3% |
| 5+ Bedrooms | $1.3M | $1.4M | +0.7% |
Summary: Falmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| North Falmouth | $750K | $900K | +20.0% |
| East Falmouth | $627.2K | $676.3K | +7.8% |
| Falmouth | $698.2K | $744K | +6.5% |
| Mashpee | $627.5K | $650K | +3.6% |
Housing Supply in Falmouth, MA
How many homes are available in Falmouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 168 | 175 | +4.2% |
Summary: The Falmouth real estate market had 175 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 79 | 79 | 0.0% |
| 4 Bedrooms | 40 | 45 | +12.5% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Falmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falmouth, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Falmouth in May 2024, the same as the previous month. Of the 43 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Falmouth, MA
How long does it take to sell a home in Falmouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +27.0% |
Summary: Homes in Falmouth had an average of 29 days on market in May 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Falmouth; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
