Is North Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Falmouth was a Seller's Market.
Key Takeaway
North Falmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Falmouth, MA
How much do homes in North Falmouth, MA cost?
Median Sold Price
$900,000
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Falmouth have sold for 20% more than they did a year ago.
Summary: The median home sold price in North Falmouth was $900,000 in May 2024, up 20% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $477K | N/A |
| 2 Bedrooms | $550K | - | N/A |
| 3 Bedrooms | $680K | $900K | +32.4% |
| 4 Bedrooms | $955K | $1.2M | +27.2% |
| 5+ Bedrooms | $3.3M | $3.2M | -0.6% |
Summary: North Falmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| North Falmouth | $750K | $900K | +20.0% |
| Bourne | $549.9K | $630K | +14.6% |
| East Falmouth | $627.2K | $676.3K | +7.8% |
| Falmouth | $698.2K | $744K | +6.5% |
Housing Supply in North Falmouth, MA
How many homes are available in North Falmouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The North Falmouth real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North 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 increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Falmouth, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in North Falmouth in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for North Falmouth, MA
How long does it take to sell a home in North Falmouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 139 Days | +323.8% |
Summary: Homes in North Falmouth had an average of 139 days on market in May 2024, up by 323.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in North Falmouth; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
