South Shore Real Estate Market Update: Key Insights for Buyers and Sellers | March 2025

South Shore Real Estate Market Update: Key Insights for Buyers and Sellers

The South Shore real estate market continues to evolve, and understanding the latest trends is crucial for anyone considering buying or selling a home. We’ve analyzed single-family home sales from September 4, 2024, to March 4, 2025, in key towns including Hingham, Cohasset, Hanover, and Hull. Here’s what you need to know about current market conditions.

Market Breakdown by Town

Hingham:

• Homes Sold: 99

• Median Sale Price: $1,278,000

• Median Price per Square Foot: $525.43

• Median Days on Market: 37

• Insight: Hingham remains a sought-after location with high median prices. However, homes are taking slightly longer to sell, signaling a shift in buyer behavior or increased inventory.

Cohasset:

• Homes Sold: 33

• Median Sale Price: $1,499,000

• Median Price per Square Foot: $487.72

• Median Days on Market: 33

• Insight: Cohasset’s waterfront appeal keeps demand high, though at a premium price. Buyers are becoming more selective, leading to stable yet deliberate sales.

Hanover:

• Homes Sold: 53

• Median Sale Price: $755,000

• Median Price per Square Foot: $362.50

• Median Days on Market: 21

• Insight: Hanover’s affordability compared to coastal towns makes it a competitive market with homes selling quickly.

Hull:

• Homes Sold: 40

• Median Sale Price: $676,500

• Median Price per Square Foot: $412.30

• Median Days on Market: 47

• Insight: Hull offers great value, but homes are taking longer to sell, possibly due to seasonality or buyer preferences shifting toward more central locations.

Other Notable Market Highlights

• Plymouth leads in volume with 294 homes sold at a median sale price of $665,000.

• Marshfield remains highly active with 104 homes sold, a median sale price of $803,500, and a fast 20-day median time on market.

• Scituate is another strong performer with 93 homes sold, a median price of $920,000, and a quick 24-day median time on market.

• Milton maintains strong buyer interest with a median sale price of $980,000 and a price per square foot of $478.41, reinforcing its desirability.

What This Means for Buyers and Sellers

For buyers, the market remains competitive, especially in towns like Hanover and Marshfield, where homes are selling quickly. Be prepared to act fast in these areas.

For sellers, luxury markets in Hingham and Cohasset continue to attract interest, though patience may be required as buyers weigh their options. Pricing your home correctly and presenting it well will be key to securing a strong sale.

Need Personalized Insights?

Whether you’re buying or selling, understanding your local market dynamics is essential. If you’d like a more detailed analysis specific to your home or neighborhood, let’s connect. I’d be happy to provide tailored insights to help you make informed real estate decisions.

Stay tuned for more market updates, and don’t hesitate to reach out for expert guidance on your real estate journey!