Is Ipswich, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$762,500
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ipswich have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Ipswich was $762,500 in March 2024, up 9.7% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $330K | +4.8% |
| 2 Bedrooms | $527.5K | $527.5K | 0.0% |
| 3 Bedrooms | $700K | $827.5K | +18.2% |
| 4 Bedrooms | $810K | $1.1M | +35.8% |
| 5+ Bedrooms | $932.5K | $1.1M | +18.0% |
Summary: Ipswich housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Hamilton | $709.2K | $847K | +19.4% |
| South Hamilton | $707.5K | $833K | +17.7% |
| Essex | $755K | $837.5K | +10.9% |
| Ipswich | $694.9K | $762.5K | +9.7% |
| Rowley | $740K | $811.5K | +9.7% |
Housing Supply in Ipswich, MA
How many homes are available in Ipswich, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Ipswich real estate market had 24 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ipswich housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ipswich, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Ipswich in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 16 Days | -76.2% |
Summary: Homes in Ipswich had an average of 16 days on market in Mar 2024, down by 76.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ipswich are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Ipswich; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
