MID-YEAR 2024 Falmouth, MA
Real Estate Market Recap

  • Falmouth, MA home sales decreased by 0.5% as there were 208 sales in the first half of 2024 compared to 209 in the first half of 2023. Average price decreased by 1.4% going from $921,770 in the first half of 2023 to $908,779 in the first half of 2024. These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic to the right.
  • The number of homes listed in the first half of 2024 compared to the first half of 2023 increased by 30.8%, moving from 240 to 314.
  • The number of pending sales increased by 1.4% with 217 in the first half of 2024 compared to 214 in the first half of 2023.
Learn More About the Falmouth, MA Community
2024 midyear Falmouth, MA snapshot

2024 Falmouth, MA Housing Market Outlook

At the beginning of the year, there are typically fewer homes on the market while buyers are out in droves. This low inventory, high demand scenario often fuels bidding wars and puts upward pressure on home prices. However, as the year progresses, more buyers find homes or renew leases, while a growing number of homeowners put their homes on the market, especially those experiencing life changes. This shift typically creates a more buyer-friendly market in the latter half of the year with increased housing options and a lessening of competition. With this in mind, sellers may need to adjust their pricing strategies to appeal to buyers in this changing market. With mortgage rates hovering in the high 6% to low 7% range and property values on the rise, buyers must stay informed and ready to capitalize on opportunities, especially if interest rates unexpectedly decrease.

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Mid-Year Report.

Data provided by CCIMLS and compared to the prior year.

Additional Resources