Todays Market Report

Essex, MA

Single-Family Homes


Current active inventory in Essex, MA is very low. Keep this in mind when looking at this report.

Essex, MA

Fri Jan 03 2025
This week the median list price for Essex, MA is $1,149,500 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 2. Click here to stay informed with the Essex market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Essex, MA

Fri Jan 03 2025
This week the median list price for Essex, MA is $1,149,500 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 2. Click here to stay informed with the Essex market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Essex market.
Median List Price $1,149,500
Median Price of New Listings $0
Per Square Foot $476
Average Days on Market 151
Median Days on Market 151
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 53
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,700,000 3,783 2.5 - 5 acres 7 8 194 0 0 259
$599,000 1,188 8,000 - 10,000 sqft 3 1.5 124 0 0 42