South Shore Market Report - October 6, 2023 - February 6, 2024

South Shore Real Estate Snapshot

October 6, 2023 - February 6, 2024

The Charles King Group presents the latest figures from the South Shore real estate market, offering insights from October 2023 to February 2024. Let's dive into the numbers:

• Cohasset's Luxury Appeal: With the highest median sale price of $1,375,000 and a notable median sale price per square foot of $457.70, Cohasset emerges as the area's luxury hotspot.
• Volume Leader: Plymouth leads in sales volume with 294 homes sold, suggesting a strong market presence and buyer interest.
• Priciest Per Square Foot: Hingham commands the highest price per square foot at $515.45, reflecting its desirability and perhaps a trend towards higher-end features or locations within the community.
• Rapid Turnovers: Norwell stands out for the quickest sales, with homes spending a median of just 17 days on the market, indicating a highly competitive market.
• Consistent Demand: Weymouth also shows a healthy market activity with 189 units sold, a significant number that speaks to its consistent appeal among buyers.
• Affordable Options: Among the communities listed, Abington remains one of the more accessible markets, with a median sale price of $535,000 and a cost per square foot of $338.61.

This market report, based on data from MLSPIN, captures a robust real estate environment over the past six months, with homes selling relatively quickly—most areas seeing median days on market hovering around the 20-day mark.

As we move through 2024, the South Shore continues to offer a diverse range of real estate options, catering to both the luxury market and those seeking more economical housing solutions.