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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 September 2024 vs October 2024:
The Number of SOLD listings increased 9% to 266 properties with a top sale of $10.75 million at 251 Green Dunes Dr in Barnstable.
The Average Sales Price increased 8% to $1.2 million and the Average Price Per Square Foot increased by 2% at $570.
The inventory of properties available for sale as measured in months supply decreased 10% to 4.26 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 10% to an average rate of 6.88% 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
September 2024 – $1134365
October 2024 – $1223031
8% up
Average Days On Market
September 2024 – 42
October 2024 – 52
24% up
Average Sale Price Per Square Foot
September 2024 – $556.46
October 2024 – $569.59
2% up
Median Sales Price
September 2024 – $810000
October 2024 – $825000
2% up
Number of Sold Listings
September 2024 – 244
October 2024 – 266
9% up
Months Supply of Inventory
September 2024 – 4.75
October 2024 – 4.26
10% down
Mortgage Rate
September 2024 – 6.24%
October 2024 – 6.88%
10% up
Top 10 Sales
- $10750000 251 Green Dunes Drive Barnstable, MA
- $8750000 134 Shore Drive West Mashpee, MA
- $8500000 504 Old Harbor Road Chatham, MA
- $7850000 27 Ocean Bluff Drive Mashpee, MA
- $5395000 32 Chapoquoit Road Falmouth, MA
- $5200000 317 S Orleans Road Orleans, MA
- $4950000 146 Strong Island Road Chatham, MA
- $4300000 16 Harbor View Road Chatham, MA
- $3800000 652 Route 28 Harwich, MA
- $3800000 112 Wading Place Road Mashpee, MA
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