Cape Cod home prices saw modest growth as sales remained steady during the third quarter, a Cape Cod & Islands Association of REALTORS® report revealed.
Listing trends
New listings in the market increased 5.5% year –over year, with two- and three-bedroom properties as the most common listing type in the third quarter. Units in the $600,000 to $799,000 price range made up the highest number of new listings. However, homes in that range experienced a 6.1% decrease in listings year over year.
However, homes in the $800,000 to $999,000 price range and $2 million to $3 million price range saw listing jumps of 29.8% and 37.7%, respectively.
Demand for homes
During the quarter, 1,046 homes sold, marking 3% year-over-year growth. The overall median sales price hit $775,000, an increase from $735,000, where it sat during the same quarter last year. The median sales price for single-family homes grew 6.3% to $850,000, while the median sales price for condos dipped 6.8% to $480,000.
The average sales price across all Cape Cod residential markets grew 3.5%, from $1,067,945 to $1,105,524.
“Overall, the residential market remains healthy with modest increases in sales and prices, even as inventory stays low. As buyers become more selective, sellers must price their properties realistically to succeed,” said Stephen Seaver, president of the board of directors for CCIAOR.
Homes spent a median of 20 days on the market, five fewer than in 2025. Homes in the $600,000 to $799,999 range spent the fewest days on the market at a median of 18 days. Contrastingly, properties priced at $3 million or above sat on the market the longest at a median of 48 days.
“Our members continue to report strong demand for starter homes despite limited inventory. However, it’s encouraging that mid-size property sales took the lead in market activity this past quarter,” said Betsy Hanson, CEO of CCIAOR.
Regional breakdown
Regionally, the Upper Cape saw the highest sales volume in the third quarter at $365,451,557, marking a 4.8% increase year over year. Meanwhile, the Mid Cape experienced the highest number of sales at 378, representing 12.5% growth compared to the third quarter of 2025.
Sales, sales volume and the median sales price all fell in the Lower Cape. The Outer Cape saw $170,710,950 in total sales volume, a 21.7% increase over last year. Homes in the Outer Cape spent 35 days on the market, the most in the region.