Todays Market Report

Gloucester, MA

Single-Family Homes



Gloucester, MA

Sun May 26 2024
This week the median list price for Gloucester, MA is $1,699,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has increased to 23. Click here to stay informed with the Gloucester market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Gloucester, MA

Sun May 26 2024
This week the median list price for Gloucester, MA is $1,699,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has increased to 23. Click here to stay informed with the Gloucester market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Gloucester market.
Median List Price $1,699,000
Median Price of New Listings $684,000
Per Square Foot $545
Average Days on Market 158
Median Days on Market 28
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 23
Median Rent
Market Action 46
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
$4,800,000 4,898 0.5 - 1 acre 5 4.5 97 0 0 238
$2,735,000 3,973 1 - 2.5 acres 5 4 63 1 1 203
$955,000 2,113 0.25 - 0.5 acre 3 2 64 3 0 7
$624,500 1,515 8,000 - 10,000 sqft 3 1.5 70 4 1 0