Market Update
Essex County
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$620k
2% less than in
Q1 2025
Q1 2025
Avg. Days On Market
49
23% more than in
Q1 2025
Q1 2025
Closed Sales
945
6% fewer than in
Q1 2025
Q1 2025
Inventory
564
0% change from
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $525k | $593k | 1286 |
| Q1 '23 | $550k | $653k | 1042 |
| Q1 '24 | $595k | $727k | 957 |
| Q1 '25 | $635k | $747k | 1006 |
| Q1 '26 | $620k | $721k | 945 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 28.7% |
|---|---|
| Q1 '26 | 271 |
| Q1 '25 | 284 |
| 1YR CHANGE | -5% |
| Closed $500k - $1m | 56.6% |
| Q1 '26 | 535 |
| Q1 '25 | 559 |
| 1YR CHANGE | -4% |
| Closed $1m - $2m | 12.9% |
| Q1 '26 | 122 |
| Q1 '25 | 139 |
| 1YR CHANGE | -12% |
| Closed Over $2m | 1.8% |
| Q1 '26 | 17 |
| Q1 '25 | 24 |
| 1YR CHANGE | -29% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 30 | $525k |
| Q1 '23 | 44 | $550k |
| Q1 '24 | 39 | $595k |
| Q1 '25 | 40 | $635k |
| Q1 '26 | 49 | $620k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
0%
New Listings
New Listings represents the number of properties listed during the quarter.
-1%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
5%
Closed Sales
-6%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
23%
Essex
Median
$762k
DOM
56
Sales
4
Inv
5
Hamilton
Median
$900k
DOM
29
Sales
13
Inv
5
Haverhill
Median
$464k
DOM
49
Sales
94
Inv
41
Ipswich
Median
$824k
DOM
69
Sales
26
Inv
18
Merrimac
Median
$490k
DOM
42
Sales
7
Inv
2
Methuen
Median
$582k
DOM
41
Sales
58
Inv
25
Newburyport
Median
$849k
DOM
57
Sales
33
Inv
25
Rockport
Median
$630k
DOM
48
Sales
9
Inv
11
Salisbury
Median
$519k
DOM
72
Sales
7
Inv
21
Topsfield
Median
$800k
DOM
53
Sales
7
Inv
5
Wenham
Median
$939k
DOM
90
Sales
11
Inv
5