Is Southampton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Southampton has remained a Seller's Market.
Key Takeaway
Southampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southampton, MA
How much do homes in Southampton, MA cost?
Median Sold Price
$432,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southampton have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Southampton was $432,000 in May 2024, down 0.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $332.5K | N/A |
| 2 Bedrooms | $242.5K | $349K | +43.9% |
| 3 Bedrooms | $426K | $435K | +2.1% |
| 4 Bedrooms | $547.5K | $525K | -4.1% |
| 5+ Bedrooms | $580K | $395K | -31.9% |
Summary: Southampton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Holyoke | $272.6K | $300K | +10.0% |
| Easthampton Town | $380.7K | $393.2K | +3.3% |
| Easthampton | $386.8K | $398K | +2.9% |
| Southampton | $435K | $432K | -0.7% |
Housing Supply in Southampton, MA
How many homes are available in Southampton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Southampton real estate market had 10 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southampton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Southampton in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Southampton, MA
How long does it take to sell a home in Southampton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 158 Days | 5 Days | -96.5% |
Summary: Homes in Southampton had an average of 5 days on market in May 2024, down by 96.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southampton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Southampton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
