New - 2 hours on Rocket
$3,313 Closing Credit¹
#73327303, Onnelly Parslow, Listing Office: Berkshire Hathaway HomeServices Warren Residential
Essex County Housing Market Report December 2024•Essex County, Massachusetts
Housing Prices in Essex County, MA
How much do homes in Essex County, MA cost?
Housing Market Conditions
Is Essex County, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Essex County is a Seller's Market
Difference Since December 2023
Since last year, Essex County has remained a Seller's Market.
Insight
Essex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$658,513$370/SqFt
+$43,246
+7.0%
Based on all homes sold in the last 12 months
Insight
Homes in Essex County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Essex County was $658,513 in December 2024, up 7% from last year, and the median price per square foot was $370.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Essex County | $615.2K | $658.5K | +7.0% |
| Middlesex County | $751.3K | $789.9K | +5.1% |
| Suffolk County | $768.2K | $794.6K | +3.4% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $305K | $333.6K | +9.4% |
| 22 Bedrooms | $453.9K | $480.3K | +5.8% |
| 33 Bedrooms | $612.8K | $645K | +5.2% |
| 44 Bedrooms | $796.8K | $862K | +8.2% |
| 55+ Bedrooms | $799.9K | $885.4K | +10.7% |
Summary: Essex County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +9.4%. The home price for 2 bedroom homes increased by +5.8%. The home price for 3 bedroom homes increased by +5.2%. The home price for 4 bedroom homes increased by +8.2%. The home price for 5 bedroom homes increased by +10.7%.
Housing supply in Essex County, MA
How many homes are available in Essex County, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,330Last MonthDec 2024 | ||
| 1,7682 months agoNov 2024 | -24.8 % Change MoMNov – Dec |
Summary: The Essex County real estate market had 1,330 homes for sale in Dec 2024, a 24.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 567Last MonthDec 2024 | ||
| 5602 months agoNov 2024 | +1.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 67 | 62 | -7.5% |
| 22 Bedrooms | 383 | 305 | -20.4% |
| 33 Bedrooms | 648 | 466 | -28.1% |
| 44 Bedrooms | 411 | 283 | -31.1% |
| 55+ Bedrooms | 259 | 214 | -17.4% |
Summary: Essex County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -7.5%. The inventory for 2 bedroom homes decreased by -20.4%. The inventory for 3 bedroom homes decreased by -28.1%. The inventory for 4 bedroom homes decreased by -31.1%. The inventory for 5 bedroom homes decreased by -17.4%.
Asking Price vs. Sold Price
How much do homes in Essex County, MA cost?
Over Asking Price276 Homes
At Asking Price62 Homes
Under Asking Price229 Homes
Insight
If you're buying a home in Essex County, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.
Summary: A total of 567 homes were sold or pending in Essex County in December 2024, up by 1.3% month-over-month. Of the 567 sold homes, 40% were sold under asking, 11% were sold at asking, and and 49% were sold over asking.
Days on Market for Essex County, MA
How long does it take to sell a home in Essex County, MA?
Breakdown of Home Sale Times
Under 30 Days340 Homes
30 – 90 Days168 Homes
Over 90 Days56 Homes
Insight
Many homes in Essex County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 567 homes were sold in Essex County; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearDec 2024 | ||
| 27 Days1 year agoDec 2023 | +39.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Essex County had an average listing age of 38 days in Dec 2024, up by 39.9% compared to the previous year.
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Newest Listings in Essex County, MA
What homes are available in Essex County, MA?
New - 5 hours on Rocket
$9,202 Closing Credit¹
#73327290, Nicholas Newhall, Listing Office: Real Estate by Hughes & Assoc. Inc.
New - 7 hours on Rocket
$6,519 Closing Credit¹
#73327255, Elba Rojas, Listing Office: Boston Realty Services and Partners, LLC
New - 8 hours on Rocket
$10,000 Closing Credit¹
#73327227, Juan Lopera-Martinez, Listing Office: eXp Realty
New - 10 hours on Rocket
#73327200, Gretchen Berg, Listing Office: J. Barrett & Company
New - 10 hours on Rocket
$10,000 Closing Credit¹
#73325332, Holly Welch, Listing Office: Churchill Properties
New - 11 hours on Rocket
$7,124 Closing Credit¹
#73327150, Christine Saba, Listing Office: Lamacchia Realty, Inc.
New - 11 hours on Rocket
$7,478 Closing Credit¹
#73327147, Trevor Gearin, Listing Office: Lamacchia Realty, Inc.
New - 12 hours on Rocket
$7,480 Closing Credit¹
#73327130, Beth Doran, Listing Office: Connor Real Estate
New - 13 hours on Rocket
$5,936 Closing Credit¹
#73327093, Paul Consoli, Listing Office: Berkshire Hathaway HomeServices Verani Realty Bradford
New - 14 hours on Rocket
$8,311 Closing Credit¹
#73327087, The Carroll Group, Listing Office: RE/MAX Partners
New - 17 hours on Rocket
$7,707 Closing Credit¹
#73327047, Zsanett Marmanidis, Listing Office: Lion Real Estate Group, LLC
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Based on information from MLS Property Information Network Inc., and PrimeMLS for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.