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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in Q3 2023 vs Q3 2024:
The Number of SOLD listings increased 14% to 761 properties with a top sale of $12.2 million at 807 Sea View Avenue in Barnstable.
The Average Sales Price increased 5% to $1.1 million and the Average Price Per Square Foot increased by 3% at $544.
The inventory of properties available for sale as measured in months supply increased 9% to 2.32 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 17% to an average rate of 6.24% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
Q3 2023 – $1052928
Q3 2024 – $1110452
5% up
Average Days On Market
Q3 2023 – 31
Q3 2024 – 40
29% up
Average Sale Price Per Square Foot
Q3 2023 – $529.59
Q3 2024 – $544
3% up
Median Sales Price
Q3 2023 – $740000
Q3 2024 – $775000
5% up
Number of Sold Listings
Q3 2023 – 667
Q3 2024 – 761
14% up
Months Supply of Inventory
Q3 2023 – 2.12
Q3 2024 – 2.32
9% up
Mortgage Rate
Q3 2023 – 7.55%
Q3 2024 – 6.24%
17% down
Top 10 Sales
- $12200000 807 Sea View Avenue Barnstable, MA
- $11750000 995 Sea View Avenue Barnstable, MA
- $10100000 169 & 181 South Road Bourne, MA
- $9000000 180 Scraggy Neck Road Bourne, MA
- $7700000 200 N Bay Road Barnstable, MA
- $6800000 11 Nons Road Harwich, MA
- $6475000 257 Crocker Lane Brewster, MA
- $6150000 158 Westwood Road Falmouth, MA
- $6000000 1272-1276 Main Street Barnstable, MA
- $6000000 100 & 112 Washington Avenue Barnstable, MA
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