$10,000 Closing Credit*
$950,000
8,724 SqFt
18 Beds
•7 Full Baths, 2 Partial
#73320807, Fine Homes Group, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
Is Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$747,450
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,450(+3.1%)
Key Takeaway
Homes in Falmouth have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Falmouth was $747,450 in November 2024, up 3.1% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $358.4K | -10.2% |
| 2 Bedrooms | $513K | $570K | +11.1% |
| 3 Bedrooms | $700K | $749.9K | +7.1% |
| 4 Bedrooms | $955K | $932.5K | -2.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +0.7% |
Summary: Falmouth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| North Falmouth | $821K | $900K | +9.6% |
| Falmouth | $725K | $747.4K | +3.1% |
| East Falmouth | $663.3K | $675K | +1.8% |
| Mashpee | $649.5K | $648.8K | -0.1% |
Housing Supply in Falmouth, MA
How many homes are available in Falmouth, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 156 | -20.0% |
Summary: The Falmouth real estate market had 156 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 30 | 20 | -33.3% |
| 3 Bedrooms | 78 | 62 | -20.5% |
| 4 Bedrooms | 69 | 58 | -15.9% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Falmouth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falmouth, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Falmouth in November 2024, down by 2.5% month-over-month. Of the 39 sold homes, 64% were sold under asking, 13% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +37.8% |
Summary: Homes in Falmouth had an average of 38 days on market in Nov 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 39 homes were sold in Falmouth; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
