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As of September 2023, the Cohasset real estate market is competitive, with homes selling after an average of 21 days on the market — a decrease from 25 days last year. Despite this demand, the median sale price for homes has dropped to $1.0M, a 9.35% decline from the previous year.
The median sale price per square foot now stands at $464, marking a slight decrease of 0.75% compared to last year. This indicates a slight adjustment in value, which could benefit informed buyers and sellers in the market.
There were 6 homes sold in September 2023, down from 9 sales in the same month last year, pointing to a slight decrease in market activity.
Homes in Cohasset tend to sell for about 1% below the listed price, with an average time of 26 days to go pending. However, high-demand homes, or "hot homes," often sell for approximately 1% above list price and can go pending in as few as 16 days.
The majority of Cohasset homebuyers (81%) are looking to stay within the metropolitan area. Interestingly, 19% are seeking to move out of Cohasset. External interest is modest, with 3% of buyers coming from other metro areas such as Hartford, New York, and San Francisco.
For those relocating from Cohasset, 81% remain within the local metro area. Portland, Lebanon, and Miami are the top relocation destinations for the remaining movers.
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