$5,936 Closing Credit*
$499,900
1,922 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73320986, Jochy Perez, Listing Office: Jochy R. Perez
Is Essex County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Essex County has remained a Seller's Market.
Key Takeaway
Essex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Essex County, MA
How much do homes in Essex County, MA cost?
Median Sold Price
$653,698
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,317(+7.1%)
Key Takeaway
Homes in Essex County have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Essex County was $653,698 in November 2024, up 7.1% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $330.6K | +8.4% |
| 2 Bedrooms | $453.7K | $480.5K | +5.9% |
| 3 Bedrooms | $609.6K | $644.4K | +5.7% |
| 4 Bedrooms | $789.1K | $850K | +7.7% |
| 5+ Bedrooms | $789.5K | $877.4K | +11.1% |
Summary: Essex County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
| Essex County | $610.3K | $653.6K | +7.1% |
| Middlesex County | $746.6K | $784.2K | +5.0% |
| Suffolk County | $760.8K | $788.9K | +3.7% |
Housing Supply in Essex County, MA
How many homes are available in Essex County, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,178 | 1,753 | -19.5% |
Summary: The Essex County real estate market had 1,753 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 84 | 65 | -22.6% |
| 2 Bedrooms | 451 | 375 | -16.9% |
| 3 Bedrooms | 802 | 637 | -20.6% |
| 4 Bedrooms | 541 | 411 | -24.0% |
| 5+ Bedrooms | 300 | 265 | -11.7% |
Summary: The Essex County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.6%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 11.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 652 | 537 | -17.6% |
Asking Price vs. Sold Price
200 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
278 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Essex County, you could pay more than the asking price. 51.8% of homes here sold above asking price last month.
Summary: A total of 537 homes were sold or pending in Essex County in November 2024, down by 17.6% month-over-month. Of the 537 sold homes, 37% were sold under asking, 11% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +14.0% |
Summary: Homes in Essex County had an average of 30 days on market in Nov 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
376 Homes Were Sold
Under 30 Days
132 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Essex County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 537 homes were sold in Essex County; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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