Is Rehoboth, 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, Rehoboth has remained a Seller's Market.
Key Takeaway
Rehoboth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rehoboth, MA
How much do homes in Rehoboth, MA cost?
Median Sold Price
$610,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rehoboth have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Rehoboth was $610,000 in May 2024, up 6.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | - | N/A |
| 2 Bedrooms | $472.4K | $566.4K | +19.9% |
| 3 Bedrooms | $559K | $560K | 0.2% |
| 4 Bedrooms | $725K | $705K | -2.8% |
| 5+ Bedrooms | $625K | $962.5K | +54.0% |
Summary: Rehoboth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 54%.
Housing Supply in Rehoboth, MA
How many homes are available in Rehoboth, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Rehoboth real estate market had 37 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Rehoboth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rehoboth, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Rehoboth in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Rehoboth, MA
How long does it take to sell a home in Rehoboth, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -13.3% |
Summary: Homes in Rehoboth had an average of 20 days on market in May 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rehoboth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Rehoboth; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
