Is Yarmouth, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Yarmouth has remained a Seller's Market.
Key Takeaway
Yarmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yarmouth, MA
How much do homes in Yarmouth, MA cost?
Median Sold Price
$581,750
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Yarmouth have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Yarmouth was $581,750 in May 2024, up 9.8% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $289K | -32.0% |
| 2 Bedrooms | $450K | $494.5K | +9.9% |
| 3 Bedrooms | $564.5K | $650K | +15.1% |
| 4 Bedrooms | $770K | $755K | -1.9% |
| 5+ Bedrooms | $669.5K | $1.0M | +50.1% |
Summary: Yarmouth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 50.1%.
Median Sold Price Compared To Nearby Cities
| Yarmouth Port | $569K | $670K | +17.8% |
| West Yarmouth | $465K | $526K | +13.1% |
| Yarmouth | $530K | $581.7K | +9.8% |
| South Yarmouth | $550K | $600K | +9.1% |
| Dennis | $570K | $589K | +3.3% |
Housing Supply in Yarmouth, MA
How many homes are available in Yarmouth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 135 | +18.4% |
Summary: The Yarmouth real estate market had 135 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 39 | 52 | +33.3% |
| 3 Bedrooms | 49 | 58 | +18.4% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Yarmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 36 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yarmouth, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Yarmouth in May 2024, up by 28.6% month-over-month. Of the 36 sold homes, 25% were sold under asking, 14% were sold at asking, and 61% were sold over asking.
Days on Market for Yarmouth, MA
How long does it take to sell a home in Yarmouth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 22 Days | +15.7% |
Summary: Homes in Yarmouth had an average of 22 days on market in May 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Yarmouth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Yarmouth; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
