$5,938 Closing Credit*
$500,000
1,088 SqFt
2 Beds
•2 Full Baths
#73320314, Guillermo Perez, Listing Office: RE/MAX Way
Is Swampscott, 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, Swampscott has remained a Seller's Market.
Key Takeaway
Swampscott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swampscott, MA
How much do homes in Swampscott, MA cost?
Median Sold Price
$727,500
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+8.2%)
Key Takeaway
Homes in Swampscott have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Swampscott was $727,500 in November 2024, up 8.2% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $336K | $379.9K | +13.1% |
| 2 Bedrooms | $430K | $478.5K | +11.3% |
| 3 Bedrooms | $670K | $715K | +6.7% |
| 4 Bedrooms | $985K | $1.0M | +4.6% |
| 5+ Bedrooms | $950K | $1.2M | +26.3% |
Summary: Swampscott housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Salem | $544.8K | $599K | +9.9% |
| Swampscott | $672.5K | $727.5K | +8.2% |
| Marblehead | $889K | $950K | +6.9% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 37 | -28.8% |
Summary: The Swampscott real estate market had 37 homes for sale in November 2024, a 28.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Swampscott housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 9 | -59.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swampscott, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Swampscott in November 2024, down by 59.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Swampscott, MA
How long does it take to sell a home in Swampscott, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 35 Days | +94.4% |
Summary: Homes in Swampscott had an average of 35 days on market in Nov 2024, up by 94.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swampscott are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Swampscott; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
