Is Gloucester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gloucester has remained a Seller's Market.
Housing Prices in Gloucester, MA
How much do homes in Gloucester, MA cost?
Median Sold Price
$615,000
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gloucester was $615,000 in April 2024, down 1.6% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $300K | +9.1% |
2 Bedrooms | $485K | $531.1K | +9.5% |
3 Bedrooms | $654.9K | $700K | +6.9% |
4 Bedrooms | $825K | $762.5K | -7.6% |
5+ Bedrooms | $727.5K | $798K | +9.7% |
Summary: Gloucester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in Gloucester, MA
How many homes are available in Gloucester, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 64 | +10.3% |
Summary: The Gloucester real estate market had 64 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Gloucester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Gloucester in April 2024, up by 72.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Gloucester, MA
How long does it take to sell a home in Gloucester, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 28 Days | -3.7% |
Summary: Homes in Gloucester had an average of 28 days on market in Apr 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Gloucester; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.