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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 December 2024 vs January 2025:
The Number of SOLD listings decreased 22% to 183 properties with a top sale of $7 million at 265 Sea View Avenue in Barnstable.
The Average Sales Price decreased 9% to $1 million and the Average Price Per Square Foot increased by 2% to $523.
The inventory of properties available for sale as measured in months supply increased 14% to 3.62 months worth of properties for sale.
The average 30-year fixed mortgage rate had no change to an average rate of 7.03% 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
Dec 2024 – $1095682
Jan 2025 – $1002142
9% down
Average Days On Market
Dec 2024 – 57
Jan 2025 – 67
18% up
Average Sale Price Per Square Foot
Dec 2024 – $513
Jan 2025 – $523
2% up
Median Sales Price
Dec 2024 – $774500
Jan 2025 – $740000
4% down
Number of Sold Listings
Dec 2024 – 234
Jan 2025 – 183
22% down
Months Supply of Inventory
Dec 2024 – 3.18
Jan 2025 – 3.62
14% up
Mortgage Rate
Dec 2024 – 7.04%
Jan 2025 – 7.03%
0% no change
Top 10 Sales
- $7000000 265 Sea View Avenue Barnstable, MA
- $5875000 270 Stage Island Road Chatham, MA
- $4700000 19 Dunes View Road Dennis, MA
- $4100000 37 Keel Way Mashpee, MA
- $3000001 3 Norsemans Drive Orleans, MA
- $2850000 29 Hawks Way Falmouth, MA
- $2680000 110 Ocean View Avenue Barnstable, MA
- $2675000 1 Wequasset Road Harwich, MA
- $2500000 78 Carey Lane Falmouth, MA
- $2400000 13 Sheeps Pasture Point Orleans, MA
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