$10,000 Closing Credit*
$1,850,000
2,520 SqFt
3 Beds
•3 Full Baths, 1 Partial
#73311920, Mary Stewart & Heather Kaznoski, Listing Office: Coldwell Banker Realty - Marblehead
Is Marblehead, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$947,000
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,000(+7.0%)
Key Takeaway
Homes in Marblehead have sold for 7% more than they did a year ago.
Summary: The median home sold price in Marblehead was $947,000 in October 2024, up 7% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $410K | +22.4% |
| 2 Bedrooms | $605K | $740K | +22.3% |
| 3 Bedrooms | $850K | $941K | +10.7% |
| 4 Bedrooms | $1.1M | $1.2M | +6.5% |
| 5+ Bedrooms | $1.5M | $1.8M | +18.4% |
Summary: Marblehead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Salem | $540K | $595.5K | +10.3% |
| Marblehead | $885K | $947K | +7.0% |
Housing Supply in Marblehead, MA
How many homes are available in Marblehead, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Summary: The Marblehead real estate market had 61 homes for sale in October 2024, a 6.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Marblehead housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marblehead, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Marblehead in October 2024, up by 46.2% month-over-month. Of the 19 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +22.5% |
Summary: Homes in Marblehead had an average of 25 days on market in Oct 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marblehead are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Marblehead; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
