Is West Yarmouth, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Yarmouth is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, West Yarmouth has remained a Seller's Market.

Key Takeaway

West Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Yarmouth, MA

How much do homes in West Yarmouth, MA cost?

Median Sold Price

$499,000

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$14,000(+2.9%)

Key Takeaway

Homes in West Yarmouth have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in West Yarmouth was $499,000 in September 2024, up 2.9% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $410K$265K
-35.4%
2 $427K$429.5K
+0.6%
3 $537.5K$574K
+6.8%
4 $576.2K$705K
+22.3%
5+ $824.5K$950K
+15.2%

Summary: West Yarmouth housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Cities

Yarmouth Port
+13.2%
Hyannis
+12.8%
South Yarmouth
+8.9%
Yarmouth
+7.6%
West Yarmouth
+2.9%

Housing Supply in West Yarmouth, MA

How many homes are available in West Yarmouth, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5865+12.1%

Summary: The West Yarmouth real estate market had 65 homes for sale in September 2024, a 12.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 2324
+4.3%
3 2022
+10.0%
4 1012
+20.0%
5+ 13
+200.0%

Summary: The West Yarmouth housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Yarmouth, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in West Yarmouth in September 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for West Yarmouth, MA

How long does it take to sell a home in West Yarmouth, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days31 Days+121.8%

Summary: Homes in West Yarmouth had an average of 31 days on market in Sep 2024, up by 121.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Yarmouth are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 12 homes were sold in West Yarmouth; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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