$10,000 Closing Credit*
$1,100,000
3,591 SqFt
3 Beds
•2 Full Baths, 2 Partial
#73297487, Thomas Kennedy, Listing Office: Gibson Sotheby's International Realty
Is Ipswich, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Ipswich has remained a Seller's Market.
Key Takeaway
Ipswich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ipswich, MA
How much do homes in Ipswich, MA cost?
Median Sold Price
$715,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$31,750(-4.3%)
Key Takeaway
Homes in Ipswich have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Ipswich was $715,000 in September 2024, down 4.3% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $340K | +7.9% |
| 2 Bedrooms | $566K | $540K | -4.6% |
| 3 Bedrooms | $767.5K | $708K | -7.8% |
| 4 Bedrooms | $920K | $1.1M | +27.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -0.9% |
Summary: Ipswich housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| South Hamilton | $697K | $889.5K | +27.6% |
| Hamilton | $707.5K | $900K | +27.2% |
| Essex | $800K | $800K | 0.0% |
| Ipswich | $746.7K | $715K | -4.3% |
Housing Supply in Ipswich, MA
How many homes are available in Ipswich, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The Ipswich real estate market had 47 homes for sale in September 2024, a 2.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Ipswich housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ipswich, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Ipswich in September 2024, down by 13.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Ipswich, MA
How long does it take to sell a home in Ipswich, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +166.6% |
Summary: Homes in Ipswich had an average of 33 days on market in Sep 2024, up by 166.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ipswich are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Ipswich; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
