Is Beverly, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Beverly has remained a Seller's Market.

Key Takeaway

Beverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Beverly, MA cost?

Median Sold Price

$589,000

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$56,450(+10.6%)

Key Takeaway

Homes in Beverly have sold for 10.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $260K$335.1K
+28.9%
2 $386K$441.9K
+14.5%
3 $529.2K$570.5K
+7.8%
4 $670K$742K
+10.7%
5+ $799.9K$860K
+7.5%

Median Sold Price Compared To Nearby Cities

Salem
+13.0%
Beverly
+10.6%
Wenham
+5.4%
Manchester-by-the-Sea
+1.1%

How many homes are available in Beverly, MA?

Number of Homes For Sale

Apr 2022May 2022%
113157+38.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 54
-20.0%
2 2434
+41.7%
3 3755
+48.6%
4 3040
+33.3%
5+ 1724
+41.2%

Number of Homes Sold

Apr 2022May 2022%
2247+113.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly, you could pay more than the asking price. 89.4% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
17 Days13 Days-21.8%

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Beverly are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Beverly, MA

Number of homes for sale in Beverly, MA real estate market have reached 157. The number of listings in Beverly, MA increased by 38.9% between April 2022 and May 2022. Listings spent 13 days on the market in May 2022, and had a median list price of $589,000 during the same period. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 28.9% more expensive, the cost of 2 bedrooms properties went up by 14.5%, prices of 3 bedrooms properties increased by 7.8%, 4 bedrooms properties prices increased by 10.7%, 5 bedrooms properties prices increased by 7.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 20%, the quantity of 2 bedrooms homes went up by 41.7%, number of 3 bedrooms homes increased by 48.6%, 4 bedrooms homes inventory increased by 33.3%, the quantity of 5 bedrooms homes went up by 41.2%. Over 42 listings were sold over their listed price in May 2022 in Beverly, MA. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price.

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