Manage episode 510553934 series 3406107
Here’s the blunt truth about Scituate right now: it’s still a seller-leaning market, but buyers are getting more selective—and price discipline matters.
In August, months of inventory sat at 1.96—that’s lean. Homes are moving with a median 5 days in RPR and fetching 100.8% of list on average. Translation: well-priced, well-presented homes still command (or beat) ask, fast.
Median sold price in August printed $1,100,000, while the median list price for August inventory came in at $1,250,000. The broader valuation trend shows the median estimated value at $1,061,020 for September, up ~10% year-over-year—evidence of durable price strength despite month-to-month noise.
Zooming into the most recent 30 days for single-family:
• Active: 18 listings, median $1,322,500, average 46 DOM—the bulk of available product is north of $1M.
• Pending/Under Agreement: 20 deals with a median $911,500, average 39 DOM / 31 DTO—buyers are still writing offers quickly when the price is right.
• Sold: 22 closings, median $1,196,250; average SP:LP 96% and SP:OP 94%, average 65 DOM—negotiability exists, but tight listings still hold most of their price.
Reality check on pricing: we just saw 17 price-changed listings with an average -5.55% total cut (roughly -$66,865). Overpricing is getting punished; the market will force you back to reality within a few weeks.
What September’s closed set tells us about cadence and value: the month’s single-family cohort (strict Sept window) posted median sale $1,167,500, median DOM 21, median DTO 11, and $501/sqft—fast, focused, and premium coastal pricing when a home is dialed in. Neighborhoods like Minot and Second Cliff continued to command elevated numbers, with several $1.5M–$2M+ results.
Put it together:
- Sellers: Inventory is scarce, demand is real, but buyers are value-conscious. Price to the market, not to your wish list. The comps and reduction data prove it. Expect strong activity in the first two weeks if you nail price and presentation; if not, you’ll join the reduction crowd.
- Buyers: You don’t have to chase every list price. The last 30 days closed at ~96% of list on average; use fresh comps and act fast on accurately priced homes. Waiting for “the big drop” hasn’t materialized—year-over-year values are still up ~10%.
Segment watch: upper-end product continues to trade (multiple $1.7M–$2.5M pendings/closings), while the $800k–$1.2M band remains the velocity sweet spot for offers and fast DOM. If you’re listing above the market, expect a price conversation by week three.
Bottom line for Q4: This is a “win on the first impression” market. Smart launch pricing, tight condition, and crisp marketing are the difference between multiple showings with strong terms…or chasing the market down. If you want a strategy that moves you from “active” to “under agreement” in under 30 days, it starts with price truth and pro prep. #sellingsouthietosagamore #jimaldred #kwmass #southshoremarealestate #sellingsouthietothecape #plymouthcountyrealestate #kwsignaturepropertiesma #pinkdoorproperties #norwell #MarshfieldMA #02050 #plymouth #02360 #pinkdoorproperties #marketreport #sellingsouthietosagamore #scituate
Jim Aldred is a Realtor serving Boston's South Shore and can be contacted via his Links below.
https://linktr.ee/SellingSouthieToSagamore
www.KWMASS.com
Email me at [email protected]
cell: 339-987-0382
49 episodes