Is Ipswich, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ipswich was a Seller's Market.
Key Takeaway
Ipswich is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ipswich, MA
How much do homes in Ipswich, MA cost?
Median Sold Price
$755,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ipswich have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Ipswich was $755,000 in April 2024, up 9.4% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $327.5K | +4.0% |
| 2 Bedrooms | $527.5K | $540K | +2.4% |
| 3 Bedrooms | $700K | $827.5K | +18.2% |
| 4 Bedrooms | $817.5K | $1.1M | +35.2% |
| 5+ Bedrooms | $915K | $1.1M | +20.2% |
Summary: Ipswich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Hamilton | $719K | $866.2K | +20.5% |
| South Hamilton | $715K | $857.5K | +19.9% |
| Essex | $725K | $800K | +10.3% |
| Ipswich | $690K | $755K | +9.4% |
| Rowley | $740K | $798K | +7.8% |
Housing Supply in Ipswich, MA
How many homes are available in Ipswich, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Ipswich real estate market had 27 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Ipswich housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ipswich, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ipswich in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 48 Days | -28.4% |
Summary: Homes in Ipswich had an average of 48 days on market in Apr 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 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 April 2024, 3 homes were sold in Ipswich; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
