Is Hyannis, 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, Hyannis has remained a Seller's Market.
Key Takeaway
Hyannis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hyannis, MA
How much do homes in Hyannis, MA cost?
Median Sold Price
$500,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hyannis have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Hyannis was $500,000 in May 2024, up 13.6% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $258.7K | +7.8% |
| 2 Bedrooms | $345K | $400K | +15.9% |
| 3 Bedrooms | $480K | $555K | +15.6% |
| 4 Bedrooms | $552.5K | $600K | +8.6% |
| 5+ Bedrooms | $802K | $1.2M | +61.2% |
Summary: Hyannis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 61.2%.
Median Sold Price Compared To Nearby Cities
| Hyannis | $440K | $500K | +13.6% |
| West Yarmouth | $465K | $526K | +13.1% |
| Centerville | $583K | $645K | +10.6% |
Housing Supply in Hyannis, MA
How many homes are available in Hyannis, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Summary: The Hyannis real estate market had 32 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hyannis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hyannis, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Hyannis in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Hyannis, MA
How long does it take to sell a home in Hyannis, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 64 Days | +161.6% |
Summary: Homes in Hyannis had an average of 64 days on market in May 2024, up by 161.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hyannis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Hyannis; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
