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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 Osterville residential properties, here’s what happened in Q3 2023 vs Q3 2024:
The Number of SOLD listings increased by 73% to 19 properties with a top sale of $12.2 million at 807 Sea View Avenue in Barnstable.
The Average Sales Price increased by 23% to $3.4 million and the Average Price Per Square Foot increased by 13% to $942 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 16% at 2.84 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 17% to an average rate of 6.24% 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.
Osterville
Average Sales Price
Q3 2023 – $2789772
Q3 2024 – $3418157
23% up
Average Days On Market
Q3 2023 – 17
Q3 2024 – 105
518% up
Average Sale Price Per Square Foot
Q3 2023 – $833.17
Q3 2024 – $941.76
13% up
Median Sales Price
Q3 2023 – $1679000
Q3 2024 – $1700000
1% up
Number of Sold Listings
Q3 2023 – 11
Q3 2024 – 19
73% up
Months Supply of Inventory
Q3 2023 – 3.36
Q3 2024 – 2.84
16% down
Mortgage Rate
Q3 2023 – 7.55%
Q3 2024 – 6.24%
17% down
Top 10 Sales
- $12200000 807 Sea View Avenue Barnstable, MA
- $11750000 995 Sea View Avenue Barnstable, MA
- $7700000 200 N Bay Road Barnstable, MA
- $5995000 207 Pineleigh Path Barnstable, MA
- $4100000 25 Oakdale Path Barnstable, MA
- $3700000 101 Warren Street Barnstable, MA
- $3650000 8 Nutmeg Lane Barnstable, MA
- $2695000 204 Crystal Lake Road Barnstable, MA
- $2200000 100 Meadowlark Lane Barnstable, MA
- $1700000 141A Wianno Avenue Barnstable, MA
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