$7,422 Closing Credit*
$625,000
1,396 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73312700, Merry Fox Team, Listing Office: MerryFox Realty
Is Swampscott, 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, 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
$728,750
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,750(+8.8%)
Key Takeaway
Homes in Swampscott have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Swampscott was $728,750 in October 2024, up 8.8% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $343K | $374.9K | +9.3% |
| 2 Bedrooms | $423.6K | $491K | +15.9% |
| 3 Bedrooms | $670K | $715K | +6.7% |
| 4 Bedrooms | $892K | $1.0M | +17.7% |
| 5+ Bedrooms | $953K | $1.0M | +13.5% |
Summary: Swampscott housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Salem | $540K | $595.5K | +10.3% |
| Swampscott | $670K | $728.7K | +8.8% |
| Marblehead | $885K | $947K | +7.0% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Swampscott real estate market had 49 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Swampscott housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swampscott, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Swampscott in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 6% were sold at asking, and 61% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +59.7% |
Summary: Homes in Swampscott had an average of 29 days on market in Oct 2024, up by 59.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swampscott are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Swampscott; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
