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
41
37% 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 | 22 | $525k |
| Q1 '23 | 34 | $550k |
| Q1 '24 | 31 | $595k |
| Q1 '25 | 30 | $635k |
| Q1 '26 | 41 | $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.
37%
Beverly
Median
$700k
DOM
27
Sales
43
Inv
23
Danvers
Median
$675k
DOM
37
Sales
37
Inv
9
Essex
Median
n/a
DOM
0
Sales
0
Inv
3
Hamilton
Median
$900k
DOM
34
Sales
13
Inv
5
Ipswich
Median
$824k
DOM
70
Sales
26
Inv
18
Lynn
Median
$510k
DOM
51
Sales
79
Inv
54
Lynnfield
Median
$983k
DOM
40
Sales
12
Inv
16
Manchester-by-the-Sea
Median
$1.23m
DOM
78
Sales
6
Inv
3
Middleton
Median
$793k
DOM
60
Sales
20
Inv
14
Nahant
Median
n/a
DOM
0
Sales
0
Inv
12
Newburyport
Median
$849k
DOM
42
Sales
33
Inv
25
Peabody
Median
$648k
DOM
23
Sales
66
Inv
14
Reading
Median
$660k
DOM
36
Sales
25
Inv
26
Revere
Median
$505k
DOM
43
Sales
45
Inv
39
Rockport
Median
$630k
DOM
47
Sales
9
Inv
15
Topsfield
Median
$585k
DOM
27
Sales
2
Inv
4
Wenham
Median
$939k
DOM
83
Sales
11
Inv
5
Winthrop
Median
$575k
DOM
57
Sales
28
Inv
26