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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!
| December 2024 | November 2024 | Change Month Over Month | December 2023 | Change Year Over Year | |
|---|---|---|---|---|---|
| Homes Sold | 535 | 526 | 2% ▲ | 492 | 9% ▲ |
| Median Sale Price | $620,500 | $645,000 | 4% ▼ | $599,950 | 3% ▲ |
| Median List Price | $599,995 | $639,900 | 6% ▼ | $579,950 | 3% ▲ |
| Sale to List Price Ratio | 101% | 101% | 0 | 101% | 0 |
| Sales Volume | $406,620,125 | $399,064,231 | 2% ▲ | $346,379,391 | 17% ▲ |
| Median Days on Market | 13 days | 33 days | 20 days ▼ | - | - |
| Homes Sold Year to Date | 6,116 | 5,582 | 10% ▲ | 5,706 | 7% ▲ |
Homes Sold: In December 2024, 535 homes were sold in Essex County, marking a slight decline from November's total of 526. While the number of transactions has eased, homes are still moving, indicating steady demand even during the holiday season.
Median Sale Price: The median sale price in December 2024 was $620,500, slightly lower than November's $645,000. This small decrease may reflect seasonal trends, offering an opportunity for buyers to secure a home at a marginally lower price point.
Median List Price: The median list price in December 2024 was $599,990, compared to November's $639,900. This drop suggests that sellers are adjusting their pricing expectations to align with buyer affordability as the year ends.
Sales Volume: The total sales volume in December 2024 reached $405.6 million, up from November's $399 million.
13
Median Days on Market
December 2024
46%
Properties Sold Over Original Asking Price
December 2024
Median Days on Market (13 days): Homes are selling quickly in Essex County, with a median of just 13 days on the market. This indicates strong demand and suggests that properties are moving at an accelerated pace.
Properties Sold Over Asking (46%): Almost half of homes in Essex County are selling for more than their asking price, which highlights the strong demand and competitive nature of the current market. Sellers are getting more than they expect, and buyers may need to make higher offers.
101%
Average Sale to List Price Ratio
December 2024
Sale to List Price Ratio (101%): The sale-to-list price ratio in Essex County is currently 101%, indicating that homes are consistently selling for more than their asking price. This trend shows strong demand and a competitive market, where buyers may need to offer above asking to secure a property. For sellers, this presents a great opportunity to potentially achieve higher-than-expected sale prices. The higher sale prices highlight the fast-paced nature of the market, making it important for both buyers and sellers to be strategic.
Homes Sold Over 3 Years: The bar chart comparing home sales in Essex County over the past three years shows a noticeable decline from 2022 to 2023, with 2024 following a similar trend, particularly in early months. Sales saw a slight rebound during the summer months but remained lower than previous years. This data underscores the impact of factors such as limited inventory and shifting market conditions.