$6,508 Closing Credit*
$548,000
696 SqFt
2 Beds
•1 Full Bath
#73314664, Marchildon Hagopian Team, Listing Office: Kinlin Grover Compass
Is South Yarmouth, 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, South Yarmouth has remained a Seller's Market.
Key Takeaway
South Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Yarmouth, MA
How much do homes in South Yarmouth, MA cost?
Median Sold Price
$600,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+9.1%)
Key Takeaway
Homes in South Yarmouth have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in South Yarmouth was $600,000 in October 2024, up 9.1% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $378K | $365K | -3.4% |
| 2 Bedrooms | $512.5K | $554K | +8.1% |
| 3 Bedrooms | $594.9K | $610.5K | +2.6% |
| 4 Bedrooms | $862.5K | $711.5K | -17.5% |
| 5+ Bedrooms | $725K | $1.3M | +83.4% |
Summary: South Yarmouth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 83.4%.
Median Sold Price Compared To Nearby Cities
| Yarmouth Port | $601.7K | $680K | +13.0% |
| South Yarmouth | $550K | $600K | +9.1% |
| Yarmouth | $550K | $589K | +7.1% |
| West Yarmouth | $510K | $484K | -5.1% |
| West Dennis | $680K | $517.5K | -23.9% |
Housing Supply in South Yarmouth, MA
How many homes are available in South Yarmouth, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The South Yarmouth real estate market had 44 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Yarmouth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Yarmouth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in South Yarmouth in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Yarmouth, MA
How long does it take to sell a home in South Yarmouth, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 55 Days | +280.8% |
Summary: Homes in South Yarmouth had an average of 55 days on market in Oct 2024, up by 280.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in South Yarmouth; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
