Is Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$746,616
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Falmouth have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Falmouth was $746,616 in April 2024, up 7.6% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $399K | +3.6% |
| 2 Bedrooms | $515K | $550K | +6.8% |
| 3 Bedrooms | $675K | $735K | +8.9% |
| 4 Bedrooms | $857.5K | $980K | +14.3% |
| 5+ Bedrooms | $1.3M | $1.3M | -2.6% |
Summary: Falmouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Woods Hole | $1.4M | $2.1M | +47.4% |
| North Falmouth | $780K | $900K | +15.4% |
| East Falmouth | $619.8K | $675K | +8.9% |
| Falmouth | $693.6K | $746.6K | +7.6% |
| Mashpee | $620K | $643.9K | +3.9% |
Housing Supply in Falmouth, MA
How many homes are available in Falmouth, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 161 | +17.5% |
Summary: The Falmouth real estate market had 161 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 61 | 77 | +26.2% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Falmouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falmouth, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Falmouth in April 2024, up by 11.4% month-over-month. Of the 39 sold homes, 33% were sold under asking, 15% were sold at asking, and 51% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 21 Days | -55.0% |
Summary: Homes in Falmouth had an average of 21 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in Falmouth; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
