April 2023

Essex County Housing Market ReportMassachusetts

Report Updated Apr 1, 2023

Is Essex County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since April 2022

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

Key Takeaway

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

How much do homes in Essex County, MA cost?

Median Sold Price

$599,989

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$40,174(+7.2%)

Key Takeaway

Homes in Essex County have sold for 7.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDS	Apr 2022	Apr 2023	%
1 Bedroom	$265K	$285K	+7.5%
2 Bedrooms	$404.8K	$440.7K	+8.9%
3 Bedrooms	$550K	$585.2K	+6.4%
4 Bedrooms	$723.1K	$763.8K	+5.6%
5+ Bedrooms	$712K	$767.2K	+7.8%

Median Sold Price Compared To Nearby Counties

	Apr 2022	Apr 2023	%
Essex County	$559.8K	$599.9K	+7.2%
Middlesex County	$678.4K	$713.3K	+5.1%
Suffolk County	$723.3K	$749.8K	+3.7%

How many homes are available in Essex County, MA?

Number of Homes For Sale

Mar 2023	Apr 2023	%
1,452	1,475	+1.6%

Homes For Sale By Bedroom Count

# BEDS	Mar 2023	Apr 2023	%
1 Bedroom	78	81	+3.8%
2 Bedrooms	332	321	-3.3%
3 Bedrooms	473	489	+3.4%
4 Bedrooms	341	361	+5.9%
5+ Bedrooms	228	223	-2.2%

Number of Homes Sold

Mar 2023	Apr 2023	%
447	378	-15.4%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

240 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in Essex County, you could pay more than the asking price. 63.5% of homes here sold above asking price last month.

Average Sale Time

Apr 2022	Apr 2023	%
23 Days	29 Days	+23.7%

Breakdown of Home Sale Times

292 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Key Takeaway

Many homes in Essex County 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.

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What homes are available in Essex County, MA?

See More Listings

8 Flying Cloud Ln Unit 8, Salem, MA 01970

$589,900

$8,406 Closing Credit

2,488 SqFt

8 Flying Cloud Ln Unit 8, Salem MA, 01970

Regina Paratore

Listing Office:

RE/MAX 360

#73118368

$1,200,000

$10,000 Closing Credit

2 Full, 1 Partial

4,646 SqFt

25 Robin Hill Rd, Danvers MA, 01923

Pam Spiros

Listing Office:

Coldwell Banker Realty - Beverly

#73118356

$785,000

$10,000 Closing Credit

3 Full, 1 Partial

2,994 SqFt

17 Highland Rd, Boxford MA, 01921

North Shore Real Estate Home Group

Listing Office:

RE/MAX On the River, Inc.

#73117880

$549,000

$7,823 Closing Credit

2 Full, 1 Partial

1,949 SqFt

61 Gardner St, Peabody MA, 01960

Joyce Sullivan

Listing Office:

Keller Williams Realty Evolution

#73118343

$785,000

$10,000 Closing Credit

2 Full, 1 Partial

2,200 SqFt

16 Savoy Rd, Salem MA, 01970

Jenna Lovely

Listing Office:

The Lovely Advisory LLC

#73118332

$365,000

$5,201 Closing Credit

1 Full, 1 Partial

1,144 SqFt

80 Newhall St, Lynn MA, 01902

Raymond Pasciuto

Listing Office:

Pasciuto and Associates

#73118294

$850,000

$10,000 Closing Credit

2,214 SqFt

42 Squam Hill Rd, Rockport MA, 01966

Fatima Heath

Listing Office:

North Shore's Gold Coast Realty

#73118296

$1,549,000

$10,000 Closing Credit

3 Full, 1 Partial

2,871 SqFt

18 Washington St, Newburyport MA, 01950

Stephen Cavanaugh

Listing Office:

Keller Williams Realty Evolution

#73118284

12 Oliver St Unit E, Haverhill, MA 01832

$289,900

$4,131 Closing Credit

1 Full, 1 Partial

1,018 SqFt

12 Oliver St Unit E, Haverhill MA, 01832

Amy Longtin

Listing Office:

Jill & Co. Realty Group

#73118289

$859,900

$10,000 Closing Credit

2 Full, 1 Partial

2,889 SqFt

17 Kathleen Dr, Andover MA, 01810

Arthur Durkin

Listing Office:

Keller Williams Realty

#73118268

$4,499,000

2 Full, 1 Partial

2,641 SqFt

9 Proctor St, Manchester MA, 01944

Kim Covino & Co. Team

Listing Office:

Compass

#73118266

$569,900

$8,121 Closing Credit

1 Full, 1 Partial

1,800 SqFt

151 Lynn St, Peabody MA, 01960

Karen Dame

Listing Office:

Century 21 North East

#73118242

About Essex County, MA

There are 1,475 homes are for sale in Essex County, MA real estate market. The inventory of homes for sale in Essex County, MA between March 2023 and April 2023 increased by 1.6%. While the average time on the market in April 2023 was 29 days, the median list price was $599,989. Listing prices have changed in this real estate market between March 2023 and April 2023: the cost of 1 bedroom properties went up by 7.5%, 2 bedrooms properties prices increased by 8.9%, 3 bedrooms properties prices increased by 6.4%, prices of 4 bedrooms properties increased by 5.6%, 5 bedrooms properties became 7.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 3.8%, volume of 2 bedrooms homes went down by 3.3%, volume of 3 bedrooms homes went up by 3.4%, 4 bedrooms homes became 5.9% more available, volume of 5 bedrooms homes went down by 2.2%. Over 240 listings were sold over their listed price in April 2023 in Essex County, MA. In the same period over 112 listings were sold below the listed price and 26 listings were sold for the listed price.

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc., and PrimeMLS for the period 05/01/2021 - 05/01/2023

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 5/31/2023, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX © Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/31/2023, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.