2023 Market Review - South Shore
A Comprehensive Look at South Shore's 2023 Single-Family Home Sales
As we close the chapter on 2023, the South Shore real estate market has shown resilience and vibrancy. The Charles King Group has compiled a thorough report detailing the year's performance. Here are the highlights:
- High-Value Transactions: Cohasset stands out with the highest median sale price at $1,474,000, indicative of a robust luxury market in the area.
- Volume Sales: Plymouth led the way with 566 units sold, showing a strong demand for housing in this historic town.
- Priciest per Square Foot: Hingham fetched the highest median sale price per square foot at $527.54, reflecting a high value on space in this community.
- Swift Markets: Norwell experienced the quickest sales, with homes spending a median of just 18 days on the market before being sold.
- Affordable Options: Those looking for more budget-friendly homes might note Abington and Pembroke, with median sale prices of $535,000 and $577,500 respectively coupled with reasonable costs per square foot.
- Overall Trends: The report indicates a healthy mix of premium and affordable housing, with median days on the market hovering around the 20-day mark—suggesting a balanced market where homes are moving steadily but not too rapidly.
It's important to mention that all data comes from MLSPIN and reflects single-family home sales over the past 12 months.
As we move into 2024, prospective buyers and sellers on the South Shore can feel confident about the stability and potential of the real estate market. Whether you're looking for luxury, affordability, or a quick sale, the market has shown that it can accommodate a wide range of needs.