Your South Coast Real Estate Market Report for March 2024

Prepared for you by Bernadette Kelly Group, Keller Williams Cape Cod & Colonial Partners. Leaders in real estate sales and rentals on the South Coast for over 20 years. ‘We make the South Coast home.’

In March, Massachusetts saw a 22.2% month-over-month increase in new listings and a 24.7% month-over-month increase in closed sales for single-family homes following a three-month decrease.

MAR data provided the following key indicators for March:

MARdata provided the following key indicators for March:

● The median sale price for single-family homes increased by 8.9% to $609,900 and by 7.8% to $555,000 for condominiums from this time last year.
● New listings decreased by 11.1% for single-family homes and 14.1% for condominiums year-over-year.
● Closed sales decreased by 6.0% for single-family homes and by 10.6% for condominiums year-over-year.

In March, the median sale price for sale-family homes and condominiums increased compared to this time in 2023 as the market remains competitive and demand exceeds supply.

“Although market activity remains low, we’re remaining optimistic as several municipalities are planning to allow accessory dwelling units by right, which will help to add inventory as we enter the spring market,” said Amy Wallick, 2024 president of MAR and Realtor at Lamacchia Realty. “We encourage buyers to remain active in their search and for those considering selling their home, now is a great time, as we continue to see an increase in median sale prices and high demand month-over-month.”

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