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According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in October 2024 vs November 2024:
The Number of SOLD listings decreased 8% to 257 properties with a top sale of $7.5 million at 13 Strandway in Harwich.
The Average Sales Price decreased 19% to $1 million and the Average Price Per Square Foot decreased by 6% to $535.
The inventory of properties available for sale as measured in months supply decreased 13% to 3.59 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 1% to an average rate of 6.94% 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
October 2024 – $1238130.18
November 2024 – $1008083
19% down
Average Days On Market
October 2024 – 51
November 2024 – 39
24% down
Average Sale Price Per Square Foot
October 2024 – $570.81
November 2024 – $535.41
6% down
Median Sales Price
October 2024 – $825000
November 2024 – $737000
11% down
Number of Sold Listings
October 2024 – 280
November 2024 – 257
8% down
Months Supply of Inventory
October 2024 – 4.11
November 2024 – 3.59
13% down
Mortgage Rate
October 2024 – 6.88%
November 2024 – 6.94%
1% up
Top 10 Sales
- $7500000 13 Strandway Harwich, MA
- $4300000 39 Seaview Terrace Chatham, MA
- $4200000 24 Dunes Road Harwich, MA
- $4200000 17 Hawthorne Avenue Barnstable, MA
- $4150000 28 Bayview Road Barnstable, MA
- $4100000 65-67 Towhee Lane Orleans, MA
- $3999900 99 Gorham Road Harwich, MA
- $3100000 165 Woods Hole Road Falmouth, MA
- $3100000 127 Christopher Harding Lane Chatham, MA
- $2600000 33 Sea Mist Drive Orleans, MA
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