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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ipswich is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Ipswich was a Neutral Market.

Key Takeaway

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

How much do homes in Ipswich, MA cost?

Median Sold Price

$665,000

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,000(+3.1%)

Key Takeaway

Homes in Ipswich have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $280.8K$350.5K
+24.8%
2 $425K$517.5K
+21.8%
3 $635K$700K
+10.2%
4 $815.3K$825K
+1.2%
5+ $1.0M$915K
-10.7%

Median Sold Price Compared To Nearby Cities

Rowley
+14.5%
Ipswich
+3.1%
South Hamilton
-3.4%
Hamilton
-3.4%
Essex
-6.6%

How many homes are available in Ipswich, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
4442-4.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 44
0.0%
2 810
+25.0%
3 2016
-20.0%
4 99
0.0%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ipswich, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days28 Days-7.9%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ipswich 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 Ipswich, MA

Ipswich, MA has 42 homes on the market. The inventory of homes for sale in Ipswich, MA between October 2022 and November 2022 decreased by 4.5%. Listings spent 28 days on the market in November 2022, and had a median list price of $665,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 24.8% more expensive, 2 bedrooms properties became 21.8% more expensive, the cost of 3 bedrooms properties went up by 10.2%, 4 bedrooms properties prices increased by 1.2%, prices of 5 bedrooms properties decreased by 10.7%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 25% more available, number of 3 bedrooms homes decreased by 20%, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. In November 2022, from all listings sold in Ipswich, MA there were more than 5 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.

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