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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 April 2024 vs March 2024.
The Number of SOLD listings increased 4% to 209 properties with a top sale of $7 million at 32 Dunes Road in Harwich.
The Average Sales Price increased 15% to $1.05 million and the Average Price Per Square Foot decreased 3% to $504.
The inventory of properties available for sale as measured in months supply increased by 2% to 3.83 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 4% to an average rate of 7.31% 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.
Cape Cod
Average Sales Price
March 2024 – $919149
April 2024 – $1053585
15% up
Average Days On Market
March 2024 – 51
April 2024 – 44
14% down
Average Sale Price Per Square Foot
March 2024 – $519.76
April 2024 – $503.9
3% down
Median Sales Price
March 2024 – $685000
April 2024 – $827500
21% up
Number of Sold Listings
March 2024 – 201
April 2024 – 209
4% up
Months Supply of Inventory
March 2024 – 3.75
April 2024 – 3.83
2% up
Mortgage Rate
March 2024 – 7.01%
April 2024 – 7.31%
4% up
Top 10 Sales
- $7067000 32 Dunes Road Harwich, MA
- $5800000 350 Windswept Way Barnstable, MA
- $3400000 67 Capri Lane Chatham, MA
- $3000000 95 N Shore Boulevard Sandwich, MA
- $2925000 38 WHIG Street Dennis, MA
- $2900000 75 Hunter Rise Chatham, MA
- $2800000 21 Hunter Rise Chatham, MA
- $2700000 184 Quanset Road Orleans, MA
- $2330000 7 Turtle Run Harwich, MA
- $2307500 10 Mill Hill Lane Chatham, MA
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