$10,000 Closing Credit*
$859,000
2,523 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73310224, Nancy Peterson, Listing Office: J. Barrett & Company
Is Wenham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wenham was a Neutral Market.
Key Takeaway
Wenham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wenham, MA
How much do homes in Wenham, MA cost?
Median Sold Price
$1,125,000
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$165,000(+17.2%)
Key Takeaway
Homes in Wenham have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Wenham was $1,125,000 in October 2024, up 17.2% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $325K | N/A |
| 2 Bedrooms | $1.2M | $580K | -53.7% |
| 3 Bedrooms | $812.5K | $970K | +19.4% |
| 4 Bedrooms | $1.1M | $1.2M | +9.3% |
| 5+ Bedrooms | $1.2M | $1.9M | +48.8% |
Summary: Wenham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Cities
| South Hamilton | $719K | $900K | +25.2% |
| Hamilton | $727.2K | $905K | +24.4% |
| Wenham | $960K | $1.1M | +17.2% |
| Beverly | $650K | $702K | +8.0% |
| Topsfield | $825K | $858.7K | +4.1% |
Housing Supply in Wenham, MA
How many homes are available in Wenham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Wenham real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Wenham 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wenham, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wenham in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Wenham, MA
How long does it take to sell a home in Wenham, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 47 Days | +142.3% |
Summary: Homes in Wenham had an average of 47 days on market in Oct 2024, up by 142.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wenham has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Wenham; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
