South Shore Single Family Housing: A Snapshot of the Market

Ever wonder what's happening in the real estate market across the South Shore? We've got a fresh look at single-family housing data, revealing some interesting trends and highlighting what's hot (and what's moving fast!).

This report covers key metrics like Units Sold, Median Sale Price, Median Sale Price per Square Foot, and Median Days on Market for various towns, giving us a clearer picture of buyer and seller activity.

Let's dive into some of the highlights:

Price Trends Across South Shore Towns

• Cohasset and Hingham Lead the Pack: If you're looking for top-tier pricing, Cohasset and Hingham continue to command the highest median sale prices, coming in at $1,357,000 and $1,367,500 respectively. This isn't surprising given their desirable locations and amenities.
• Norwell and Scituate Not Far Behind: Norwell also shows a strong median sale price at $1,177,500, with Scituate following at $1,150,000, indicating a robust demand for homes in these communities.
• More Accessible Options: Towns like Abington ($600,000), Pembroke ($655,000), Plymouth ($675,000), and Weymouth ($642,500) offer more approachable median sale prices for those looking to enter the South Shore market.

Speed of Sale: How Quickly Are Homes Moving?

The "Median Days on Market" metric is a great indicator of how quickly homes are selling. A lower number means more demand and faster transactions.

• Quick Turnarounds: Many South Shore towns are seeing homes sell in roughly three weeks or less! Abington, Braintree, Cohasset, Duxbury, Milton, Norwell, Quincy, Scituate, and Weymouth all boast median days on market between 19 and 20.5 days. This points to a very active and competitive market in these areas.
• Still Moving, But a Bit Slower: Towns like Hull (35 days), Kingston (31 days), and Plymouth (27 days) show slightly longer days on market, but still indicate healthy activity. This could present a bit more breathing room for buyers in these areas.

Market Activity: Units Sold by Town

• Plymouth Dominates in Volume: With a remarkable 273 units sold, Plymouth is by far the busiest market in terms of transaction volume. This large number of sales reflects its size and diverse housing stock.
• Quincy and Weymouth See Significant Activity: Quincy (138 units sold) and Weymouth (166 units sold) also stand out with a high number of sales, indicating strong demand and a steady flow of inventory.
• Consistent Activity Across the Board: Even in towns with lower unit sales like Cohasset (33 units) or Norwell (38 units), the high median sale prices suggest that limited inventory is meeting strong buyer interest.

Price Per Square Foot: Value Breakdown

This metric offers a more granular look at value.

• Hingham and Cohasset Lead Again: Hingham ($534.38/sq ft) and Cohasset ($499.83/sq ft) remain at the top, reinforcing their premium status.
• Strong Value in Milton and Scituate: Milton ($502.42/sq ft) and Scituate ($484.38/sq ft) also show high per-square-foot values, reflecting the quality of homes and desirability of these locations.

Buyer & Seller Takeaways

• For Buyers: Be prepared to act quickly, especially in the hottest markets. Having your financing in order and being decisive will be key. While prices are strong across the board, there are still varying entry points depending on the town.
• For Sellers: It's a strong seller's market! With low days on market and robust median sale prices, now could be an excellent time to list your home. Proper staging and pricing will still be crucial to maximize your return.

The South Shore single-family housing market continues to demonstrate resilience and strong demand. Whether you're looking to buy your dream home or make a strategic sale, understanding these trends can help you navigate the current landscape effectively.