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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 2023 vs 2024:
The Number of SOLD listings increased 7% to 2,819 properties with a top sale of $22.75 million at 835 Sea View Avenue in Barnstable.
The Average Sales Price increased 7% to $1.07 million and the Average Price Per Square Foot increased by 32% to $762.
The inventory of properties available for sale as measured in months supply increased 6% to 1.43 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 2% to an average rate of 7.04% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
2023 – $999862
2024 – $1074070
7% up
Average Days On Market
2023 – 35
2024 – 45
29% up
Average Sale Price Per Square Foot
2023 – $577.19
2024 – $762.11
32% up
Median Sales Price
2023 – $730000
2024 – $765000
5% up
Number of Sold Listings
2023 – 2646
2024 – 2819
7% up
Months Supply of Inventory
2023 – 1.35
2024 – 1.43
6% up
Mortgage Rate
2023 – 6.90%
2024 – 7.04%
2% up
Top 10 Sales
- $22750000 835 Sea View Avenue Barnstable, MA
- $12200000 807 Sea View Avenue Barnstable, MA
- $11750000 995 Sea View Avenue Barnstable, MA
- $11500000 61 Fox Island Road Barnstable, MA
- $10750000 251 Green Dunes Drive Barnstable, MA
- $10250000 160 Peppercorn Lane Barnstable, MA
- $10100000 169 & 181 South Road Bourne, MA
- $9525000 178 Queen Anne Road Chatham, MA
- $9000000 180 Scraggy Neck Road Bourne, MA
- $8750000 134 Shore Drive West Mashpee, MA
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