Is Swampscott, 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, Swampscott has remained a Seller's Market.
Key Takeaway
Swampscott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swampscott, MA
How much do homes in Swampscott, MA cost?
Median Sold Price
$730,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swampscott have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Swampscott was $730,000 in May 2024, up 8.1% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.6K | $405.2K | +23.3% |
| 2 Bedrooms | $412.5K | $460K | +11.5% |
| 3 Bedrooms | $658.5K | $690K | +4.8% |
| 4 Bedrooms | $830K | $1.0M | +29.8% |
| 5+ Bedrooms | $992.5K | $1.2M | +25.9% |
Summary: Swampscott housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Swampscott | $675K | $730K | +8.1% |
| Marblehead | $852.5K | $903K | +5.9% |
| Salem | $540K | $560K | +3.7% |
Housing Supply in Swampscott, MA
How many homes are available in Swampscott, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 54 | +5.9% |
Summary: The Swampscott real estate market had 54 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Swampscott 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 5.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swampscott, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Swampscott in May 2024, up by 28.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Swampscott, MA
How long does it take to sell a home in Swampscott, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -24.5% |
Summary: Homes in Swampscott had an average of 27 days on market in May 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swampscott are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Swampscott; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
