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The Scituate housing market is highly competitive. Last month, the median home sale price in Scituate was $722K, reflecting a 17.5% decrease compared to the previous year. However, the median price per square foot has risen by 9.5%, now at $467.
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In August 2024, the median home price in Scituate dropped by 17.5% compared to the previous year, settling at $722K. Homes are spending more time on the market, with an average of 26 days compared to just 19 days in August 2023, indicating a slight cooling in the market's pace. Interestingly, the number of homes sold remained steady, with 5 homes sold both this year and last. Despite the decline in prices, the market is still active, though buyers may now have more negotiation power as properties take longer to sell.
Scituate remains a highly competitive market, with homes typically selling within 21 days. Many properties receive multiple offers, often with waived contingencies to secure the deal. On average, homes sell for about 1% above the listing price and go pending in around 21 days. In even hotter conditions, select homes can sell for up to 2% above asking and go under contract in as little as 15 days. This indicates strong demand, especially for well-priced and desirable properties.
Nationwide, 3% of homebuyers searched to relocate to Scituate from other metropolitan areas. Among these, New York homebuyers showed the most interest in moving to Scituate, followed closely by those from Hartford and Springfield. This suggests that Scituate is attracting attention from buyers in nearby regions, especially larger urban centers, likely due to its coastal appeal and community lifestyle.
For detailed, up-to-date information on buying a house in Scituate, including legal considerations and market trends, you can talk to us.
Scituate offers a diverse range of home styles, catering to various preferences and budgets. You'll find everything from charming Cape Cod-style houses and classic colonial homes to modern waterfront properties and cozy cottages. There are also newly constructed homes, particularly in newer subdivisions. If you're looking for something specific, such as a historic home or a property with ocean views, there are plenty of options available in Scituate’s different neighborhoods.
Yes, Scituate is known for its beautiful coastal homes, many of which offer stunning waterfront views. Properties along the coastline can range from quaint beachfront cottages to luxury homes with direct ocean access. In addition to oceanfront homes, you can find properties with views of rivers, ponds, and marshes. Keep in mind that waterfront properties often come with higher price tags and may have specific maintenance needs due to their proximity to the water.
Scituate has a strong reputation for its public schools, making it an attractive option for families. The Scituate Public School District is highly rated, with schools that emphasize academic excellence and offer a range of extracurricular activities. There are also several private schools nearby if you're looking for alternative educational options. When buying a home, it’s important to consider the school district zoning, especially if education is a top priority for your family.
While Scituate's housing market remains active year-round, the spring and early summer months tend to be the busiest for home sales. Warmer weather encourages more buyers to actively search for homes, and properties often show better with blooming landscaping and favorable light. Fall can also be a good time to sell, especially before the winter holiday season. However, waterfront or vacation properties may attract buyers throughout the year, particularly those looking for summer homes.
To make your home appealing to potential buyers, consider focusing on curb appeal and any necessary repairs. Homes in coastal areas like Scituate can sometimes experience wear due to weather, so it’s important to address any maintenance issues, particularly with the exterior, such as siding, roofs, or windows. Staging your home is also essential—declutter and neutralize spaces so that buyers can envision themselves living there. Highlight unique features, especially if you have waterfront views or other desirable amenities.
If you're selling a waterfront property in Scituate, there may be additional considerations. These can include flood zone regulations, erosion control measures, and special environmental assessments. Buyers will likely inquire about the home's flood insurance requirements, so having that information ready can make the process smoother. It’s also wise to disclose any recent upgrades or maintenance work done to safeguard the property from coastal weather, such as seawall repairs or waterproofing measures.
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.
Are you thinking about moving to Scituate, MA, or just curious about what makes this coastal town so special? Dive into our comprehensive Scituate Neighborhood Guide! Explore the unique charm, top-rated schools, beautiful beaches, and vibrant community life that Scituate has to offer. Start exploring now and find out why Scituate is the perfect place to call home!
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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