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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 – $1,095,682
Jan 2025 – $1,002,142
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 – $774,500
Jan 2025 – $740,000
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
- $7,000,000 265 Sea View Avenue Barnstable, MA
- $5,875,000 270 Stage Island Road Chatham, MA
- $4,700,000 19 Dunes View Road Dennis, MA
- $4,100,000 37 Keel Way Mashpee, MA
- $3,000,001 3 Norsemans Drive Orleans, MA
- $2,850,000 29 Hawks Way Falmouth, MA
- $2,680,000 110 Ocean View Avenue Barnstable, MA
- $2,675,000 1 Wequasset Road Harwich, MA
- $2,500,000 78 Carey Lane Falmouth, MA
- $2,400,000 13 Sheeps Pasture Point Orleans, MA
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