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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 2023 vs 2024:
The Number of SOLD listings increased by 26% to 63 properties with a top sale of $22.75 million at 835 Sea View Avenue in Barnstable.
The Average Sales Price increased by 4% to $2.65 million and the Average Price Per Square Foot increased by 8% to $775 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 9% at 1.68 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 2% to an average rate of 7.04% 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
2023 – $2545130
2024 – $2650026.98412698
4% up
Average Days On Market
2023 – 47
2024 – 71
51% up
Average Sale Price Per Square Foot
2023 – $720.23
2024 – $774.91
8% up
Median Sales Price
2023 – $1312500
2024 – $1200000
9% down
Number of Sold Listings
2023 – 50
2024 – 63
26% up
Months Supply of Inventory
2023 – 1.84
2024 – 1.68
9% down
Mortgage Rate
2023 – 6.90%
2024 – 7.04%
2% up
Top 10 Sales
- $22750000 835 Sea View Avenue Barnstable, MA
- $12200000 807 Sea View Avenue Barnstable, MA
- $11750000 995 Sea View Avenue Barnstable, MA
- $11500000 61 Fox Island Road Barnstable, MA
- $8250000 104 Great Bay Road Barnstable, MA
- $7700000 200 N Bay Road Barnstable, MA
- $5995000 207 Pineleigh Path Barnstable, MA
- $5800000 350 Windswept Way Barnstable, MA
- $4572500 149 East Bay Road Barnstable, MA
- $4150000 28 Bayview Road Barnstable, MA
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