Cape Cod, MA

Cape Cod

Cape Cod is one of the more stable markets in our list, with an average sales price of around $10-12M for the past 7 years and only a slight bump post-pandemic unlike many markets which skyrocketed. The same goes for Days On Market (DOM), which went from 223 in 2023 to 261 in 2024. The past 4 years have been similar in terms of DOM, which is just below average for the region and US markets.

Highlights

• Stable $10-12M average sales prices over seven years

• DOM slightly up to 261 in 2024, below the regional average

• Quick sales achieve a 12% higher sale-to-list price ratio

Steady as she goes

Sellers have been pricing the top properties accurately on the coastal town of Cape Cod in the past years with an impressive 97% sales-to-list price in 2023, up from 88% in 2022. Compared to the market to the rest of the region, this is an outlier, and even though 2024 was less extreme with an 84% sales-to-list price ratio, Cape Cod still outperforms the region and US market. It's clear that the longer properties are on the market, the less realized price they attain, compared to the faster-selling properties. In 2024, there was a 12% differential in the sale-to-list price between properties that sold under 180 days and over 180 days; this was a staggering 28% in 2023.