Cohasset 2023 Real Estate Market Recap

Cohasset 2023 Real Estate Market Recap

Cohasset Real Estate did not have the hallmark year in 2023 that many had hoped. 

Home sales were down 34.4% with there being 59 closed Single Family home sales in 2023. This is compared to the 90 closed sales in 2022. 

The average sales price was down 6.9% from $1,740,454 in 2022 to $1,617,043 in 2023. It’s a little bit of a different story when you look at Median prices however. Median pricing was up 7.2% as the median price was $1,375,000 in 2022 compared to the median price of $1.474,000 in 2023.

So what is making for a big disparity in the numbers?

In 2023 there were 8 home sales from $2,000,000 to $2,999,999 and 5 Home sales from $3,000,000 or above. This is compared to 2022 when there were 15 home sales from $2,000,000 to $2,999,999 and 9 home sales in the $3,000,000 plus range. 

In other words, it was the 45.8% collapse in the luxury Cohasset Homes For Sale market that pushed down the average price point for 2023. 

 

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