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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastham is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Eastham was a Seller's Market.

Key Takeaway

Eastham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eastham, MA

How much do homes in Eastham, MA cost?

Median Sold Price

$772,000

$567/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,000(+1.7%)

Key Takeaway

Homes in Eastham have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Eastham was $772,000 in September 2024, up 1.7% from last year, and the median price per square foot was $567.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $299K$365.5K
+22.2%
2 $587.5K$640K
+8.9%
3 $780K$770K
-1.3%
4 $1.1M$841.7K
-23.8%
5+ $749K$1.5M
+111.6%

Summary: Eastham housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 111.6%.

Median Sold Price Compared To Nearby Cities

Eastham
+1.7%
Wellfleet
-1.7%
Orleans
-13.2%

Housing Supply in Eastham, MA

How many homes are available in Eastham, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
32320.0%

Summary: The Eastham real estate market had 32 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 117
-36.4%
3 1315
+15.4%
4 25
+150.0%
5+ 32
-33.3%

Summary: The Eastham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Eastham in September 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Eastham, MA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
44 Days30 Days-32.7%

Summary: Homes in Eastham had an average of 30 days on market in Sep 2024, down by 32.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Eastham; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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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