Is Eastham, 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, Eastham has remained a Seller's Market.
Key Takeaway
Eastham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastham, MA
How much do homes in Eastham, MA cost?
Median Sold Price
$807,500
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eastham have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Eastham was $807,500 in May 2024, up 11.4% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299K | N/A |
| 2 Bedrooms | $600K | $625K | +4.2% |
| 3 Bedrooms | $755K | $872.5K | +15.6% |
| 4 Bedrooms | $775K | $855K | +10.3% |
| 5+ Bedrooms | $805K | $787K | -2.2% |
Summary: Eastham 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 increased by 4.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Eastham | $725K | $807.5K | +11.4% |
| Orleans | $1.2M | $894K | -29.0% |
Housing Supply in Eastham, MA
How many homes are available in Eastham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Eastham real estate market had 25 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Eastham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Eastham in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 19 Days | -64.3% |
Summary: Homes in Eastham had an average of 19 days on market in May 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Eastham; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
