$10,000 Closing Credit*
$1,590,000
2,325 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73318533, Lane Burnham Team, Listing Office: LAER Realty Partners
Is Wenham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wenham has remained a Seller's 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
$815,000
$362/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$365,000(-30.9%)
Key Takeaway
Homes in Wenham have sold for 30.9% less than they did a month ago.
Summary: The median home sold price in Wenham was $815,000 in November 2024, down 30.9% from last month, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $815K | N/A |
| 4 Bedrooms | $1.2M | $885K | -28.6% |
| 5+ Bedrooms | $985K | - | N/A |
Summary: Wenham housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes did not change.
Housing Supply in Wenham, MA
How many homes are available in Wenham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Wenham real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Wenham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wenham, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wenham in November 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 62 Days | +30.4% |
Summary: Homes in Wenham had an average of 62 days on market in Nov 2024, up by 30.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wenham has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Wenham; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
