$8,301 Closing Credit*
$699,000
2,216 SqFt
3 Beds
•2 Full Baths
#73319264, Inna Braginsky, Listing Office: Landmark Real Estate
Is Marblehead, 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, Marblehead has remained a Seller's Market.
Key Takeaway
Marblehead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marblehead, MA
How much do homes in Marblehead, MA cost?
Median Sold Price
$950,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$61,000(+6.9%)
Key Takeaway
Homes in Marblehead have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Marblehead was $950,000 in November 2024, up 6.9% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $410K | +9.3% |
| 2 Bedrooms | $619K | $740K | +19.5% |
| 3 Bedrooms | $850K | $947K | +11.4% |
| 4 Bedrooms | $1.2M | $1.2M | +4.7% |
| 5+ Bedrooms | $1.5M | $1.8M | +19.7% |
Summary: Marblehead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Salem | $544.8K | $599K | +9.9% |
| Marblehead | $889K | $950K | +6.9% |
Housing Supply in Marblehead, MA
How many homes are available in Marblehead, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 54 | -12.9% |
Summary: The Marblehead real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Marblehead housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Marblehead in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Marblehead, MA
How long does it take to sell a home in Marblehead, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +106.1% |
Summary: Homes in Marblehead had an average of 60 days on market in Nov 2024, up by 106.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Marblehead; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
