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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centerville is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Centerville was a Neutral Market.

Key Takeaway

Centerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Centerville, MA

How much do homes in Centerville, MA cost?

Median Sold Price

$647,500

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,500(+5.8%)

Key Takeaway

Homes in Centerville have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Centerville was $647,500 in October 2024, up 5.8% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $368.9K$140K
-62.0%
2 $492K$540K
+9.8%
3 $616K$655K
+6.3%
4 $735K$720K
-2.0%
5+ $1.2M$1.2M
-5.9%

Summary: Centerville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Hyannis
+15.7%
Marstons Mills
+7.8%
Centerville
+5.8%
Barnstable Town
+4.9%
Osterville
-1.0%

Housing Supply in Centerville, MA

How many homes are available in Centerville, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5659+5.4%

Summary: The Centerville real estate market had 59 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1014
+40.0%
3 3431
-8.8%
4 78
+14.3%
5+ 45
+25.0%

Summary: The Centerville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centerville, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Centerville in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for Centerville, MA

How long does it take to sell a home in Centerville, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days41 Days+2.8%

Summary: Homes in Centerville had an average of 41 days on market in Oct 2024, up by 2.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Centerville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Centerville; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 20 Days Ago

Newest Listings in Centerville, MA

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