Is Beverly, 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, Beverly has remained a Seller's Market.
Housing Prices in Beverly, MA
How much do homes in Beverly, MA cost?
Median Sold Price
$676,333
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beverly was $676,333 in April 2024, up 9.1% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $392K | +21.6% |
2 Bedrooms | $448.5K | $550K | +22.6% |
3 Bedrooms | $610K | $647.5K | +6.1% |
4 Bedrooms | $764.5K | $800K | +4.6% |
5+ Bedrooms | $827.5K | $912.4K | +10.3% |
Summary: Beverly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Manchester-by-the-Sea | $912.5K | $1.2M | +40.3% |
Beverly | $620K | $676.3K | +9.1% |
Salem | $540K | $549.8K | +1.8% |
Wenham | $1.1M | $1.0M | -7.0% |
Housing Supply in Beverly, MA
How many homes are available in Beverly, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 78 | +13.0% |
Summary: The Beverly real estate market had 78 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 25 | 34 | +36.0% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Beverly housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 36%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Beverly in April 2024, the same as the previous month. Of the 26 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Beverly, MA
How long does it take to sell a home in Beverly, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 27 Days | +53.6% |
Summary: Homes in Beverly had an average of 27 days on market in Apr 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Beverly; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.