Real Estate Market Analysis: Cohasset Single Family Homes (January 1, 2024-June 13,2024)

The real estate market for single family homes in Cohasset has shown some interesting trends in the first half of 2024. Let's dive into the key takeaways from the recent data on sales and inventory.

Insights

  • Overall inventory has slightly decreased from 20 homes in 2023 to 18 homes in 2024.
  • Notable changes in inventory include an increase in homes in the $1,000,000 - $1,499,999 range and a decrease in the $2,000,000 - $2,499,999 and $2,500,000 - $2,999,999 ranges.

Insights

  • The total number of homes sold in Cohasset has increased slightly from 22 in 2023 to 23 in 2024.
  • The median sales price has seen a notable rise from $1,360,500 to $1,425,000, indicating a stronger market.
  • There is a significant decrease in homes sold in the $500,000 - $799,999 range, while other higher price ranges have seen increased activity, particularly the $800,000 - $999,999 and $1,000,000 - $1,499,999 ranges.

Anaylsis

The Cohasset real estate market for single family homes in the first half of 2024 has shown a slight increase in sales volume and a significant rise in median sales price compared to the same period in 2023. There is a clear trend towards higher-priced homes, with significant activity in the $800,000 - $1,499,999 range. Inventory has tightened slightly, particularly in the higher price ranges, indicating a potentially competitive market for buyers.

These trends suggest a robust market with strong demand, especially for higher-end properties. Sellers in the $1,000,000 - $1,499,999 range may find favorable conditions, while buyers might face increased competition and rising prices. Keeping an eye on these trends can provide valuable insights for making informed real estate decisions in Cohasset.

For more detailed analysis or specific real estate needs, feel free to reach out to Darleen Lannon, your trusted expert in the Hingham and South Shore markets.

 

 

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