$4,156 Closing Credit*
$350,000
1,064 SqFt
3 Beds
•1 Full Bath
#73306024, Kristin Thompson, Listing Office: eXp Realty
Is Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Falmouth has remained a Seller's Market.
Key Takeaway
Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falmouth, MA
How much do homes in Falmouth, MA cost?
Median Sold Price
$752,375
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$52,475(+7.5%)
Key Takeaway
Homes in Falmouth have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Falmouth was $752,375 in September 2024, up 7.5% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $393.3K | $366.9K | -6.7% |
| 2 Bedrooms | $510K | $572.5K | +12.3% |
| 3 Bedrooms | $690K | $749.9K | +8.7% |
| 4 Bedrooms | $935K | $938.5K | 0.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +3.7% |
Summary: Falmouth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| North Falmouth | $805K | $925K | +14.9% |
| Falmouth | $699.9K | $752.3K | +7.5% |
| East Falmouth | $646.6K | $683.1K | +5.6% |
| Mashpee | $635K | $643.2K | +1.3% |
Housing Supply in Falmouth, MA
How many homes are available in Falmouth, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 192 | 194 | +1.0% |
Summary: The Falmouth real estate market had 194 homes for sale in September 2024, a 1.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 30 | 32 | +6.7% |
| 3 Bedrooms | 83 | 79 | -4.8% |
| 4 Bedrooms | 62 | 63 | +1.6% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Falmouth 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 6.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falmouth, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Falmouth in September 2024, down by 10.5% month-over-month. Of the 34 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for Falmouth, MA
How long does it take to sell a home in Falmouth, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 38 Days | +70.9% |
Summary: Homes in Falmouth had an average of 38 days on market in Sep 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 34 homes were sold in Falmouth; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
