Is Bourne, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourne is a seller's market

Buyer's
Market

Difference Since September 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

$629,000

$373/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$61,500(+10.8%)

Key Takeaway

Homes in Bourne have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Bourne was $629,000 in September 2024, up 10.8% from last year, and the median price per square foot was $373.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $317.5K$334K
+5.2%
2 $432.5K$510K
+17.9%
3 $575K$665K
+15.7%
4 $704.5K$722K
+2.5%
5+ $1.0M$1.4M
+38.1%

Summary: Bourne housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Cities

Pocasset
+23.0%
Bourne
+10.8%
Buzzards Bay
+10.2%
Forestdale
+7.3%

Housing Supply in Bourne, MA

How many homes are available in Bourne, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
101103+2.0%

Summary: The Bourne real estate market had 103 homes for sale in September 2024, a 2.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 3436
+5.9%
3 3641
+13.9%
4 1918
-5.3%
5+ 85
-37.5%

Summary: The Bourne housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourne, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Bourne in September 2024, down by 13.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% 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

Sep 2023Sep 2024CHANGE
28 Days38 Days+38.3%

Summary: Homes in Bourne had an average of 38 days on market in Sep 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bourne has remained consistent over time.

Summary: During September 2024, 19 homes were sold in Bourne; 42% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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