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The Scituate housing market is moderately competitive. Last month, the median sale price of a home in Scituate was $971,000, reflecting a 33.9% increase from the previous year. Additionally, the median sale price per square foot in Scituate is now $537, marking an 11.6% rise since last year.
Median Sale Price
Median Sale Price per Sq. Ft.
# of Homes Sold
Median Days on Market
In May 2024, Scituate home prices experienced a significant increase of 33.9% compared to the previous year, with a median sale price of $971,000. Homes in Scituate now typically sell after an average of 12 days on the market, a notable decrease from the 23-day average seen last year. This faster turnover indicates a heightened demand. However, the number of homes sold in May dropped to 4, compared to 11 homes sold during the same period last year, suggesting a potential decrease in inventory or a more selective market. This combination of higher prices, quicker sales, and fewer transactions highlights the dynamic nature of the current Scituate housing market.
Scituate's housing market is somewhat competitive, with homes typically selling within 21 days. Some properties receive multiple offers. On average, homes sell for around the list price and go pending in approximately 21 days. However, hot homes can sell for about 1% above the list price and go pending in around 14 days.
People are moving to Scituate from various locations. Nationwide, 2% of homebuyers searched for homes in Scituate from outside metropolitan areas. Among these, New York homebuyers showed the highest interest in moving to Scituate, followed by those from Hartford and Washington.
For detailed, up-to-date information on buying a house in Scituate, including legal considerations and market trends, you can talk to us.
The current market trend for homes in Scituate shows a steady demand with a moderate increase in home prices over the past year. The market is generally favorable for sellers, with many homes receiving multiple offers and selling above the asking price. Buyers should be prepared for competitive bidding and may need to act quickly to secure a property.
The average home price in Scituate varies depending on the specific area and type of property. As of the latest data, single-family homes typically range from $600,000 to $900,000, with waterfront properties commanding higher prices. It's advisable to consult with a local real estate agent for the most current pricing information.
Homes in Scituate often feature amenities such as modern kitchens, spacious living areas, and large yards. Many homes also offer desirable features like hardwood floors, updated bathrooms, and energy-efficient appliances. Waterfront homes may include private docks, panoramic ocean views, and beach access.
Sellers should start by decluttering and depersonalizing their home to make it more appealing to potential buyers. Minor repairs and updates, such as fresh paint, landscaping, and ensuring all systems are in good working order, can also increase the home's marketability. Staging the home to highlight its best features and working with a professional real estate agent to set a competitive price are crucial steps.
To find the best deals, buyers should work with an experienced local real estate agent who is knowledgeable about the Scituate market. Staying updated on new listings, being flexible with timing, and considering homes that may need minor renovations can also lead to better deals. Attending open houses and networking within the community can provide additional insights and opportunities.
If the dynamic and competitive nature of Scituate's real estate market excites you, or if you have questions about the local housing trends, we're here to help. Reach out today to discover the unique properties in Scituate, and let’s navigate this lively market together to find your dream coastal home.
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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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