Plum Island Real Estate

In June 2025, Plum Island’s housing market saw a sharp 22.5% increase in median home prices, rising to $1.1M—a sign of continued demand for this highly desirable coastal area. Homes sold faster than the previous year, averaging 20 days on the market compared to 24 days, indicating strong buyer interest and limited hesitation despite higher price points. However, sales volume declined from 11 to 7 homes, likely due to constrained inventory rather than lack of demand, reinforcing the area’s competitiveness and the premium buyers are willing to pay for limited waterfront living opportunities.

Plum Island is a somewhat competitive market, with homes typically selling in about 36.5 days and occasional listings receiving multiple offers. On average, properties sell for around 3% below list price, giving buyers some negotiating power. However, well-located or move-in-ready homes can still generate quicker interest, going pending in as little as 17 days and selling near asking price, showing that while the overall pace is moderate, demand remains strong for select listings in this coastal market.

Plum Island was a seller’s market in June 2025, meaning buyer demand exceeded the available supply of homes. Despite a drop in total sales, the sharp rise in median home prices and shorter time on market suggest that well-priced listings attracted strong interest and sold quickly. Limited inventory likely constrained transaction volume, but the competitive behavior seen in hot listings—often going pending near asking price in under three weeks—shows that buyers remained active and motivated. This market dynamic favored sellers, who had the advantage in pricing and negotiating terms.