Is Essex County, 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, Essex County has remained a Seller's Market.
Housing Prices in Essex County, MA
How much do homes in Essex County, MA cost?
Median Sold Price
$629,695
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Essex County was $629,695 in April 2024, up 5% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $325K | +14.0% |
2 Bedrooms | $441.3K | $465K | +5.4% |
3 Bedrooms | $584.9K | $623.6K | +6.6% |
4 Bedrooms | $764.7K | $804.4K | +5.2% |
5+ Bedrooms | $765K | $840.6K | +9.9% |
Summary: Essex County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Counties
Middlesex County | $713.1K | $773.8K | +8.5% |
Essex County | $599.9K | $629.6K | +5.0% |
Suffolk County | $749.6K | $776K | +3.5% |
Housing Supply in Essex County, MA
How many homes are available in Essex County, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,398 | 1,670 | +19.5% |
Summary: The Essex County real estate market had 1,670 homes for sale in April 2024, a 19.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 102 | +25.9% |
2 Bedrooms | 338 | 382 | +13.0% |
3 Bedrooms | 460 | 550 | +19.6% |
4 Bedrooms | 305 | 393 | +28.9% |
5+ Bedrooms | 214 | 243 | +13.6% |
Summary: The Essex County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
381 | 434 | +13.9% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
288 Homes Were Sold
Over Asking
Summary: A total of 434 homes were sold or pending in Essex County in April 2024, up by 13.9% month-over-month. Of the 434 sold homes, 26% were sold under asking, 8% were sold at asking, and 66% were sold over asking.
Days on Market for Essex County, MA
How long does it take to sell a home in Essex County, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 25 Days | -13.0% |
Summary: Homes in Essex County had an average of 25 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
346 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 434 homes were sold in Essex County; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.