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Essex County MA Real Estate Market Information
Single Family & Condos
What’s Happening in the Essex County Real Estate Market Right Now?
If you’ve been keeping an eye on the real estate market in Essex County, you know things are moving fast. Let’s take a closer look at the key numbers that are shaping the market today!
Recent Sales Trends
January 2025 | December 2024 | Change Month Over Month | January 2024 | Change Year Over Year | |
---|---|---|---|---|---|
Homes Sold | 343 | 536 | 36% ▼ | 345 | 1% ▼ |
Median Sale Price | $635,000 | $621,500 | 2% ▲ | $600,000 | 6% ▲ |
Median List Price | $625,000 | $599,995 | 4% ▲ | $589,900 | 6% ▲ |
Sale to List Price Ratio | 100% | 101% | 1% ▼ | 101% | 1% ▼ |
Sales Volume | $265,081,994 | $406,600,125 | 35% ▼ | $237,692,987 | 12% ▲ |
Median Days on Market | 13 days | 12 days | 1 day ▲ | 62 days | 49 days ▼ |
Homes Sold Year to Date | 343 | 6,1118 | 94% ▼ | 345 | 1% ▼ |
In January 2025, 343 homes were sold, slightly down from 345 in January 2024. However, home prices are rising. The median sale price went up 6%, reaching $635,000, compared to $600,000 the previous year. The median list price also rose by 6%, now at $625,000, up from $589,900 in January 2024. Homes are selling closer to their listed prices, with the sale-to-list price ratio dropping just slightly to 100%, compared to 101% in January 2024. Overall, the total sales volume reached $265 million, a 12% increase from the previous year, showing that while fewer homes sold, higher prices led to more total sales. This suggests a competitive market where prices are climbing, and homes are selling for close to their asking price.
Current Market
The statistics below provide an up-to-date snapshot of the listed inventory as of February 3, 2025. Median days on market is a good indicator of the average length of time the current inventory has been on the market. The high price, low price, and median price provide context for the prices buyers and sellers can expect to encounter in this area.
413
Homes for Sale
$650,000
Median List Price
46
Median Days on Market
541
Homes Under Contract
$9,000,000
High Price
$120,217
Low Price
Homes Sold
Sale to List Price Ratio
100%
Average Sale to List Price Ratio
January 2025
Sale to List Price Ratio (100%): The sale-to-list price ratio decreased slightly to 100% in January 2025, down from 101% in January 2024, indicating that homes are selling at their listed prices on average.
Market Climate
13
Median Days on Market
January 2025
47%
Properties Sold Over Original Asking Price
January 2025
Median Days on Market: Homes spent a median of 13 days on the market in January 2025, a significant decrease from 62 days in January 2024, suggesting a faster-paced market.
Properties Sold Over Asking (47%): 47% of properties in Essex County sold for more than their original asking price, highlighting the competitive nature of the current market.