Is Marshfield, 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, Marshfield has remained a Seller's Market.
Key Takeaway
Marshfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshfield, MA
How much do homes in Marshfield, MA cost?
Median Sold Price
$749,900
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marshfield have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Marshfield was $749,900 in May 2024, up 14.9% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $320K | +40.7% |
| 2 Bedrooms | $500K | $510K | +2.0% |
| 3 Bedrooms | $625K | $700K | +12.0% |
| 4 Bedrooms | $810K | $900K | +11.1% |
| 5+ Bedrooms | $1.3M | $1.2M | -6.4% |
Summary: Marshfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in Marshfield, MA
How many homes are available in Marshfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 82 | +15.5% |
Summary: The Marshfield real estate market had 82 homes for sale in May 2024, a 15.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Marshfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshfield, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Marshfield in May 2024, down by 9.5% month-over-month. Of the 19 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% were sold over asking.
Days on Market for Marshfield, MA
How long does it take to sell a home in Marshfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 22 Days | -47.5% |
Summary: Homes in Marshfield had an average of 22 days on market in May 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marshfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Marshfield; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
