Search homes for sale in Cohasset, known for its picturesque coastal scenery, historic village center, and affluent residential character.
The Cohasset real estate market is moderately competitive. Last month, the median sale price for a home in Cohasset reached $1.7 million, marking a 40.7% increase from the previous year. The median sale price per square foot now stands at $483, reflecting a rise of 33.9% over the past year.
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In March 2024, the Cohasset housing market saw a significant price increase, with home prices soaring by 40.7% year-over-year, reaching a median selling price of $1.7 million. Homes in Cohasset are now taking longer to sell, averaging 67 days on the market, a substantial increase from 26 days last year. Additionally, the number of homes sold has decreased, with only 2 homes sold in March this year, compared to 5 during the same period last year.
For potential buyers and investors, these trends suggest a tightening market with rising values but fewer transactions, indicating that while properties in Cohasset are becoming more valuable, they are also becoming less available. This could be an opportune time to invest before prices potentially rise further, especially if market availability continues to diminish.
The Cohasset real estate market is moderately competitive. Homes typically sell within 38 days. Many properties receive multiple offers, indicating good buyer interest. On average, homes sell for approximately 2% below the listed price and go under contract around the 38-day mark. However, highly sought-after homes, often referred to as "hot" properties, can sell for about 2% above the asking price and may go pending in as little as 18 days.
This suggests that while buyers have some room to negotiate, properties that are particularly desirable due to location, features, or price can move quickly and fetch higher than expected prices. For both buyers and sellers, understanding the nuances of the market’s demand can inform better decision-making in this somewhat competitive environment.
Here are some questions our clients are asking us.
As of the latest data, the average selling price of homes in Cohasset is around $1.7 million. This reflects a significant increase, emphasizing the area's growing demand and value.
Yes, Cohasset offers public transportation options primarily through the MBTA Commuter Rail service. The Cohasset station on the Greenbush Line connects residents to downtown Boston, making it convenient for commuters.
Yes, Cohasset, MA is often considered a desirable place to live. This coastal town, known for its picturesque scenery and historic charm, offers residents a blend of suburban and coastal living. It boasts a variety of amenities, including excellent schools, beautiful beaches, and a quaint downtown area with shops and restaurants. The community in Cohasset is closely-knit and active, often engaging in local events and outdoor activities. The town's proximity to Boston also makes it a convenient location for those who work in the city but prefer a more tranquil living environment. However, like any area, the suitability of Cohasset as a place to live will depend on individual preferences and lifestyle choices.
Cohasset is known for its variety of properties including waterfront homes, historic properties, and newly constructed residences. Single-family homes are predominant, but there are also condominiums and townhouses available.
Potential homebuyers should be aware that the real estate market in Cohasset is competitive, often with homes selling at or above asking price. It’s important to be prepared for a quick decision-making process and possibly multiple offer situations. Working with a local real estate agent who understands the market dynamics can be very beneficial.
With home values appreciating significantly and the market showing signs of competitiveness, it could be a good time to invest before prices potentially increase further. However, prospective buyers should be prepared for possible bidding wars on highly sought-after properties and might want to act swiftly when they find a suitable home.
Have questions? Dreaming of finding your perfect home in Cohasset, MA? Don't navigate this journey alone! Contact us now for expert guidance and personalized assistance. Whether you're curious about a specific property or ready to start the buying process, we're here to help you every step of the way.
From its picturesque beaches and historic landmarks to the vibrant community life and exquisite dining options, Cohasset is a treasure waiting to be explored. Whether you're considering making Cohasset your new home or simply wish to learn more about this idyllic community, our guide provides insights and information to help you navigate and appreciate the unique beauty of Cohasset. Dive into our guide and start exploring the hidden gems of Cohasset, MA today!
Whether you are buying or selling a home on the South Shore, our goal is to provide you with the level of personal attention and services you need to ensure a smooth and successful real estate transaction.
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