Is Ipswich, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$750,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ipswich have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Ipswich was $750,000 in May 2024, up 7.1% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $330K | +4.8% |
| 2 Bedrooms | $527.5K | $545K | +3.3% |
| 3 Bedrooms | $740K | $795K | +7.4% |
| 4 Bedrooms | $825K | $1.1M | +33.3% |
| 5+ Bedrooms | $950K | $805K | -15.3% |
Summary: Ipswich housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| South Hamilton | $715K | $870K | +21.7% |
| Hamilton | $719K | $872.5K | +21.3% |
| Rowley | $740K | $795K | +7.4% |
| Ipswich | $700K | $750K | +7.1% |
| Essex | $755K | $800K | +6.0% |
Housing Supply in Ipswich, MA
How many homes are available in Ipswich, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 56 | +80.6% |
Summary: The Ipswich real estate market had 56 homes for sale in May 2024, a 80.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 4 | 10 | +150.0% |
| 3 Bedrooms | 15 | 27 | +80.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ipswich housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ipswich, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Ipswich in May 2024, up by 175.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 25 Days | +60.5% |
Summary: Homes in Ipswich had an average of 25 days on market in May 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
10 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 May 2024, 11 homes were sold in Ipswich; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
