Is North Falmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Falmouth was a Seller's Market.
Housing Prices in North Falmouth, MA
How much do homes in North Falmouth, MA cost?
Median Sold Price
$900,000
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Falmouth was $900,000 in May 2024, up 20% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $477K | N/A |
2 Bedrooms | $550K | - | N/A |
3 Bedrooms | $680K | $900K | +32.4% |
4 Bedrooms | $955K | $1.2M | +27.2% |
5+ Bedrooms | $3.3M | $3.2M | -0.6% |
Summary: North Falmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
North Falmouth | $750K | $900K | +20.0% |
Bourne | $549.9K | $630K | +14.6% |
East Falmouth | $627.2K | $676.3K | +7.8% |
Falmouth | $698.2K | $744K | +6.5% |
Housing Supply in North Falmouth, MA
How many homes are available in North Falmouth, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Summary: The North Falmouth real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Falmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in North Falmouth in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for North Falmouth, MA
How long does it take to sell a home in North Falmouth, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 139 Days | +323.8% |
Summary: Homes in North Falmouth had an average of 139 days on market in May 2024, up by 323.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in North Falmouth; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.