Is Rockport, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rockport was a Neutral Market.
Key Takeaway
Rockport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockport, MA
How much do homes in Rockport, MA cost?
Median Sold Price
$795,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rockport have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Rockport was $795,000 in March 2024, up 15.6% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $445K | +27.1% |
| 2 Bedrooms | $550K | $549K | -0.2% |
| 3 Bedrooms | $703.5K | $835K | +18.7% |
| 4 Bedrooms | $1.0M | $993.7K | -7.5% |
| 5+ Bedrooms | $1.4M | $1.0M | -23.7% |
Summary: Rockport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 18.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Rockport | $687.5K | $795K | +15.6% |
| Gloucester | $637.5K | $617.5K | -3.1% |
Housing Supply in Rockport, MA
How many homes are available in Rockport, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Rockport real estate market had 19 homes for sale in March 2024, a 35.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rockport 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 50%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockport, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Rockport in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Rockport, MA
How long does it take to sell a home in Rockport, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 53 Days | -27.2% |
Summary: Homes in Rockport had an average of 53 days on market in Mar 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockport are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Rockport; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
