2023 in Review: Market Insights (Cape Cod)

Market Insights

20 23

EA ST ERN M A S S A C H U S ET T S

I N REV I EW

FEATURED PROPERTY 30 HAYWARD LANE, ORLEANS

M A RK ET I N S I GH T S

TA B L E O F C O N T EN T S

04 State of the Market

08 Cape Cod 0 8 S I N GL E FA M I LY 10

CON D OM I N I U M

12 South Coast 12

S I N GL E FA M I LY

14 South Shore 14

S I N GL E FA M I LY

18 Boston 18

S I N GL E FA M I LY

20

CON D OM I N I U M

26 MetroWest 26

22 Greater Boston 22

S I N GL E FA M I LY

24

CON D OM I N I U M

S I N GL E FA M I LY

28 North Shore 28

S I N GL E FA M I LY

State of the Market As we look ahead to 2024, the word ?inventory?

cities like Boston seeing population gains again in

continues to dominate the real estate market.

2023. The shift comes as a growing number of employers are requiring workers to come back into the

Over the last five years, we?ve seen a 37% decrease in

office for the first time since the start of the pandemic.

inventory, a 33% reduction in sold listings, and a 48% increase in price in MLSpin. Inventory remained tight

As for the frenzied Cape Cod vacation rental market

throughout 2023, while rising interest rates forced

we came to know during the pandemic, it slowed in

some potential home buyers and sellers to stay put

2023 as international tourism bounced back strongly.

even when they're in desperate need of a change. Even

Prior to the COVID-19 outbreak, the global tourism

so, recently renovated single-family homes remained

sector had seen almost uninterrupted growth for

in high demand and outpaced all sectors at a

decades. After enduring lockdowns that made world

staggering rate. The luxury real estate market also

travel nearly impossible, many consumers have a

remained steady as high-end home seekers had the

newfound zest and are choosing to vacation beyond

means to buy multi-million dollar homes in cash. And

their local borders.

as trillions in assets flow to heirs over the next two decades, their investing preferences could create new

Perhaps our most important prediction for 2024 is

opportunities.

that election years tend to be frontloaded, with many buyers and sellers growing more uncertain about their

The city-to-coast migration has shown signs of

real estate decisions as the election draws nearer. We

reversing over the past year. Buyers have been

anticipate greater consumer confidence and activity in

shopping for homes closer to large metro areas, with

the spring and, if interest rates drop as expected, a

10-15% increase in sales by the end of 2024. If you plan to list your home in 2024, we recommend you do so in the first few months while buyers are eager to purchase.

For

now, there continues to be some economic

uncertainty in 2024, but many market watchers predict an overall positive year for the real estate market marked by strong demand, as people move both because they?re experiencing major life events? such as new jobs and growing families? or simply because they want to upgrade their homes and lifestyles.

In spite of market

Colleen Barry Chief Execut ive Officer Gibson Sotheby's International Realty

fluctuations, Gibson Sotheby?s

International Realty continues to diversify and expand. We look forward to continuing on this path in 2024, educating our clients on buyer-agent relationships, and leading the industry with stability and expertise.

In the pages ahead, we?ll explore what you need to know in order to make a smart real estate decision at any moment. We know that buyers, sellers and renters want to spend wisely, and staying well-informed is just the way to do it. It would be our privilege to help you on your journey.

Nicole Rideout Hart wick Chief St rat egy Officer Gibson Sotheby's International Realty

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20 23 M ARKET INSIGHTS

Cape Cod

SINGLE FAMILY SNAPSHOT | 20 23

3,140

?

-17% YOY

LISTINGS TAKEN

34 AVERAGE DAYS ON MARKET

$730,000

?

+6% YOY

MEDIAN SALE PRICE

?

+25% YOY

2,646

?

SOLD LISTINGS

Featured Listing: 151 Church Street, Harwich | Source: CCIMLS 01/ 01/ 2023 ? 12/ 31/ 2023. For the purpose of this report Cape Cod includes: Barnstable, Bourne, Brewster, Chatham, Dennis, Eastham, Falmouth, Harwich, Mashpee, Orleans, Provincetown, Sandwich, Truro, Wellfleet, Yarmouth

8

-18% YOY

REGION | CAPE COD

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

AVERAGE DOM

SOLD LISTINGS

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Bourne

146

-28%

$660,000

12%

36

38%

135

-21%

Falmout h

403

-23%

$789,000

9%

29

26%

374

-13%

Mashpee

234

-19%

$780,000

4%

43

26%

197

-11%

Sandwich

278

-17%

$676,000

5%

26

-3%

241

-10%

Barnst able

579

-19%

$672,500

3%

35

9%

434

-34%

Dennis

262

-15%

$650,000

4%

32

10%

199

-29%

Yarmout h

356

-21%

$591,000

9%

21

16%

326

-22%

Brewst er

124

-20%

$780,077

0%

27

35%

113

-14%

Chat ham

156

-14%

$1,312,500

-2%

83

118%

126

-19%

Harwich

208

-7%

$760,500

8%

28

64%

185

-1%

Orleans

112

7%

$1,235,000

8%

47

0%

93

5%

East ham

111

-15%

$779,500

4%

34

88%

102

-4%

Provincet own

39

0%

$2,075,000

0%

73

21%

19

-38%

Truro

49

0%

$1,212,500

-8%

58

56%

36

9%

Wellfleet

83

15%

$965,000

2%

39

105%

66

4%

Town UPPER CAPE

MID CAPE

LOWER CAPE

OUTER CAPE

9

20 23 M ARKET INSIGHTS

Cape Cod

CONDOMINIUM SNAPSHOT | 20 23

844

?

-9% YOY

LISTINGS TAKEN

42 AVERAGE DAYS ON MARKET

$469,950

?

+4% YOY

MEDIAN SALE PRICE

?

+27% YOY

740

?

SOLD LISTINGS

Featured Listing: 350 Bradford St U: 12, Provincetown | Source: CCIMLS 01/ 01/ 2023 ? 12/ 31/ 2023. For the purpose of this report Cape Cod includes: Barnstable, Bourne, Brewster, Chatham, Dennis, Eastham, Falmouth, Harwich, Mashpee, Orleans, Provincetown, Sandwich, Truro, Wellfleet, Yarmouth

10

-16% YOY

REGION | CAPE COD

Condominium LISTINGS TAKEN

MEDIAN SALE PRICE

AVERAGE DOM

SOLD LISTINGS

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Bourne

35

-30%

$420,125

-23%

34

-35%

32

-37%

Falmout h

72

-6%

$532,500

-6%

26

44%

60

-10%

Mashpee

136

-5%

$527,500

1%

41

70%

120

-10%

Sandwich

22

-26%

$392,000

0%

36

227%

21

-22%

Barnst able

72

-7%

$357,450

11%

32

23%

64

-12%

Dennis

76

-13%

$310,000

-9%

36

-33%

69

-21%

Yarmout h

92

-15%

$362,000

11%

21

0%

86

-21%

Brewst er

63

26%

$465,000

23%

19

18%

51

-3%

Chat ham

31

24%

$479,000

-11%

66

0%

27

35%

Harwich

31

-8%

$362,250

9%

30

-40%

28

-22%

Orleans

34

13%

$330,250

-17%

24

-55%

30

-3%

East ham

14

-33%

$510,500

-6%

324

561%

20

5%

Provincet own

126

-16%

$884,500

14%

40

11%

100

-25%

Truro

25

-10%

$450,000

-4%

58

132%

24

-4%

Wellfleet

14

-22%

$584,750

46%

37

8%

8

-46%

Town UPPER CAPE

MID CAPE

LOWER CAPE

OUTER CAPE

11

20 23 M ARKET INSIGHTS

South Coast

SINGLE FAMILY SNAPSHOT | 20 23

958

?

-20 % YOY

LISTINGS TAKEN

23 MEDIAN DAYS ON MARKET

$492,000

?

+1% YOY

MEDIAN SALE PRICE

?

+5% YOY

795

?

-18% YOY

SOLD LISTINGS

Featured Listing: 18 Middle St, Dartmouth | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 29/ 2024. For the purpose of this report South Coast includes: Dartmouth, Fairhaven, Mattapoisett, Marion, Wareham, Westport

REGION | SOUTH COAST

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Dart mout h

215

-30%

$520,000.00

-1%

23

5%

189

-23%

Fairhaven

132

-25%

$450,000.00

2%

22

-12%

122

-14%

Marion

64

-17%

$765,000.00

21%

20

-26%

53

-17%

Mat t apoiset t

81

-20%

$699,950.00

0%

27

-4%

68

-14%

Wareham

298

-22%

$419,700.00

0%

23

10%

240

-26%

West port

169

14%

$634,750.00

5%

31

3%

122

2%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

20 23 M ARKET INSIGHTS

South Shore

SINGLE FAMILY SNAPSHOT | 20 23

3,749

?

-20 % YOY

LISTINGS TAKEN

20 MEDIAN DAYS ON MARKET

$660,000

?

+4% YOY

MEDIAN SALE PRICE

?

+5% YOY

3,213

?

-19% YOY

SOLD LISTINGS

Featured Listing: 21 River Lane, Duxbury | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024. For the purpose of this report South Shore includes: Abington, Braintree, Carver, Cohasset, Duxbury, Halifax, Hanover, Hanson, Hingham, Hull, Kingston, Marshfield, Norwell, Pembroke, Plymouth, Plympton, Rockland, Scituate, Weymouth, Whitman

14

REGION | SOUTH SHORE

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Abingt on

126

-22%

$535,000.00

-1%

20

19%

108

-27%

Braint ree

223

-21%

$680,000.00

1%

19

0%

191

-25%

Carver

88

-17%

$575,000.00

13%

25

25%

69

-35%

Cohasset

91

-30%

$1,474,000.00

7%

22

5%

67

-26%

Duxbury

166

-6%

$1,025,000.00

7%

20

18%

131

-14%

Halifax

60

-40%

$510,000.00

2%

21

5%

55

-35%

Hanover

131

-23%

$775,000.00

9%

20

0%

112

-17%

Hanson

91

0%

$525,000.00

3%

21

0%

74

-9%

Hingham

248

-21%

$1,199,000.00

-4%

20

18%

187

-21%

Hull

115

-16%

$670,000.00

13%

20

13%

81

-24%

Kingst on

121

-25%

$652,450.00

5%

19

-21%

118

-9%

Marshfield

241

-13%

$742,500.00

12%

19

0%

205

-10%

Norwell

120

-35%

$905,000.00

4%

18

0%

109

-34%

Peabody

248

-26%

$625,000.00

4%

19

0%

234

-24%

Pembroke

140

-24%

$577,500.00

2%

20

0%

130

-25%

Plymout h

677

-10%

$610,000.00

6%

22

5%

568

-6%

Plympt on

18

-53%

$620,000.00

6%

26

37%

15

-48%

Rockland

112

-22%

$492,500.00

-1%

19

6%

104

-10%

Scit uat e

233

-17%

$865,000.00

-5%

20

5%

183

-19%

Weymout h

402

-23%

$605,000.00

5%

19

12%

377

-20%

Whit man

98

-32%

$488,000.00

2%

19

0%

95

-22%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

15

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20 23 M ARKET INSIGHTS

Boston

SINGLE FAMILY SNAPSHOT | 20 23

747

?

-20 % YOY

LISTINGS TAKEN

21 MEDIAN DAYS ON MARKET

$900,000

?

+3% YOY

MEDIAN SALE PRICE

?

+5% YOY

546

?

-25% YOY

SOLD LISTINGS

Featured Listing: 8 Byron Street, Beacon Hill | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 23/ 2024. For the purpose of this report Boston includes: Allston, Back Bay, Bay Village, Beacon Hill, Brighton, Charlestown, Chinatown-Leather District, Dorchester, East Boston, Fenway-Kenmore, Jamaica Plain, Midtown, Mission Hill, North End, Roslindale, Roxbury, Seaport, South Boston, South End, Waterfront, West End, West Roxbury

18

REGION | BOSTON

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Allst on

8

-20%

$899,000

660,0 0 0

21

-40%

7

0%

Back Bay

10

11%

$5,000,000

4%

33

-72%

1

-50%

Bay Village

2

-50%

$3,200,000

106%

10

-68%

2

100%

Beacon Hill

37

48%

$3,962,500

11%

19

-71%

16

-43%

Bright on

27

-13%

$909,000

9%

15

-21%

22

-8%

Charlest own

64

-18%

$1,570,000

12%

20

43%

49

17%

Chinat own/ Leat her

0

0%

$-

0%

0

0%

0

0%

Dorchest er

93

-40%

$769,250

-3

27

17%

72

-35%

East Bost on

27

-27%

$730,000

4%

18

47%

18

33%

Fenway/ Kemore

2

-33%

$1,867,500

-39%

111

185%

2

0%

Jamaica Plain

63

-23%

$1,092,500

-11%

18

0%

52

-21%

Midt own

0

0%

$-

0%

0

0%

0

0%

Mission Hill

4

0%

$1,162,500

25%

41

14%

4

300%

Nort h End

2

100%

$1,145,000

0%

19

0%

1

0%

Roslindale

89

-30%

$775,000

2%

17

-6%

71

-31%

Roxbury

14

-13%

$683,750

12%

34

31%

8

-11%

Seaport

0

0%

$-

0%

0

0%

0

0%

Sout h Bost on

60

-21%

$1,100,000

11%

38

81%

37

-20%

Sout h End

40

33%

$4,800,000

49%

44

-48%

13

-38%

Wat erfront

0

0%

$-

0%

0

0%

0

0%

West End

0

0%

$-

0%

0

0%

0

0%

West Roxbury

205

-18%

$818,500

2%

20

5%

170

-23%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

19

20 23 M ARKET INSIGHTS

Boston

CONDOMINIUM SNAPSHOT | 20 23

4,763

?

-20 % YOY

LISTINGS TAKEN

23 MEDIAN DAYS ON MARKET

$769,900

?

+4% YOY

MEDIAN SALE PRICE

?

+0 % YOY

3,226

?

-19% YOY

SOLD LISTINGS

Featured Listing: 201 W Brookline U: 202, South End | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 23/ 2024. For the purpose of this report Boston includes: Allston, Back Bay, Bay Village, Beacon Hill, Brighton, Charlestown, Chinatown-Leather District, Dorchester, East Boston, Fenway-Kenmore, Jamaica Plain, Midtown, Mission Hill, North End, Roslindale, Roxbury, Seaport, South Boston, South End, Waterfront, West End, West Roxbury

20

REGION | BOSTON

Condominiums LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Allst on

80

-36%

$654,321

25%

23

5%

75

12%

Back Bay

504

-1%

$1,487,500

13%

28

-10%

332

3%

Bay Village

10

-17%

$1,725,000

-40%

82

447%

4

-71%

Beacon Hill

157

-29%

$983,000

-2%

25

-14%

108

-26%

Bright on

290

-28%

$713,537

37%

21

-5%

293

58%

Charlest own

228

-27%

$840,000

2%

19

-5%

169

-33%

Chinat own-Leat her

28

-18%

$879,000

-12%

29

-34%

17

21%

Dorchest er

451

-9%

$599,500

6%

21

-13%

284

-23%

East Bost on

344

-41%

$636,250

2%

34

36%

232

-36%

Fenway-Kenmore

104

-9%

$667,500

13%

21

-9%

74

-15%

Jamaica Plain

372

-20%

$675,000

-3%

21

11%

292

-22%

Midt own

243

36%

$1,800,000

32%

22

-61%

103

30%

Mission Hill

17

-41%

$710,000

1%

20

5%

6

-65%

Nort h End

102

3%

$680,000

-3%

29

-22%

49

-31%

Roslindale

143

-32%

$583,750

-4%

21

11%

132

-20%

Roxbury

44

-56%

$518,000

-3%

70

94%

27

-64%

Seaport

200

2%

$1,435,000

13%

42

14%

65

-44%

Sout h Bost on

535

-13%

$820,000

1%

26

8%

332

-29%

Sout h End

549

-35%

$1,212,500

15%

23

10%

378

-27%

Wat erfront

168

-6%

$1,220,000

-2%

45

13%

93

-26%

West End

41

-23%

$485,000

-10%

88

126%

29

-3%

West Roxbury

121

-9%

$566,500

11%

21

5%

104

-14%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

21

20 23 M ARKET INSIGHTS

Greater Boston

SINGLE FAMILY SNAPSHOT | 20 23

3,417

?

-19% YOY

LISTINGS TAKEN

19 MEDIAN DAYS ON MARKET

$941,000

?

+4% YOY

MEDIAN SALE PRICE

?

+12% YOY

2,704

?

-21% YOY

SOLD LISTINGS

Featured Listing: 76 Claremont Ave, Arlington | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 23/ 2024. For the purpose of this report Greater Boston includes: Arlington, Belmont, Brookline, Burlington, Cambridge, Chelsea, Dedham, Everett, Medford, Milton, Newton, Revere, Somerville, Waltham, Watertown, Winchester, Winthrop, Woburn

22

REGION | GREATER BOSTON

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Arlingt on

241

-28%

$1,150,000.00

0%

13

30%

205

-29%

Belmont

134

-15%

$1,500,000.00

-4%

18

29%

123

-8%

Brookline

191

16%

$2,425,000.00

1%

17

-6%

113%

-5%

Burlingt on

196

-1%

$800,000.00

9%

21

5%

162

-6%

Cambridge

174

-13%

$2,000,000.00

7%

10

33%

86

-23%

Chelsea

18

-63%

$545,000.00

-6%

24

20%

17

-58%

Dedham

221

-25%

$689,500.00

2%

18

0%

194

-26%

Everet t

85

-19%

$615,000.00

3%

15

-25%

71

-13%

Medford

240

-27%

$799,500.00

-2%

17

0%

228

-22%

Milt on

183

-33%

$925,000.00

3%

19

-5%

150

-38%

Newt on

654

-7%

$1,750,000.00

8%

19

12%

432

-19%

Revere

168

-18%

$600,000.00

2%

20

5%

142

-13%

Somerville

101

-17%

$1,000,000.00

-9%

28

40%

69

-12%

Walt ham

272

-20%

$800,000.00

8%

20

5%

250

-15%

Wat ert own

72

-27%

$919,950.00

8%

16

7%

58

-23%

Winchest er

197

-26%

$1,467,500.00

0%

22

29%

148

-30%

Wint hrop

61

-41%

$683,500.00

1%

25

14%

49

-41%

Woburn

210

-30%

$702,000.00

6%

19

12%

203

-21%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

23

20 23 M ARKET INSIGHTS

Greater Boston

CONDOMINIUM SNAPSHOT | 20 23

4,072

?

-13% YOY

LISTINGS TAKEN

20 MEDIAN DAYS ON MARKET

$780,000

?

+8% YOY

MEDIAN SALE PRICE

?

+0 % YOY

3,003

?

-18% YOY

SOLD LISTINGS

Featured Listing: 136 Hancock Street U: 136, Cambridge | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 23/ 2024. For the purpose of this report Greater Boston includes: Arlington, Belmont, Brookline, Burlington, Cambridge, Chelsea, Dedham, Everett, Medford, Milton, Newton, Revere, Somerville, Waltham, Watertown, Winchester, Winthrop, Woburn

24

REGION | GREATER BOSTON

Condominiums LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Arlingt on

226

-23%

$830,000.00

13%

14

13%

207

-10%

Belmont

73

-25%

$781,000.00

7%

20

7%

51

-38%

Brookline

521

-15%

$900,000.00

-1%

21

0%

389

-14%

Burlingt on

36

9%

$755,000.00

0%

17

-15%

31

11%

Cambridge

735

-8%

$920,000.00

1%

20

5%

514

-13%

Chelsea

189

12%

$435,000.00

4%

21

-28%

79

-46%

Dedham

38

-22%

$487,500.00

7%

20

-20%

35

-20%

Everet t

58

-15%

$442,500.00

4%

23

-12%

46

-37%

Medford

304

-18%

$659,900.00

5%

17

6%

250

-21%

Milt on

66

29%

$765,000.00

-10%

46

31%

48

37%

Newt on

411

-12%

$985,000.00

9%

21

5%

289

-10%

Revere

117

-30%

$479,900.00

4%

22

10%

80

-47%

Somerville

553

-17%

$873,750.00

8%

28

40%

393

-16%

Walt ham

179

-25%

$630,000.00

15%

17

-11%

153

-27%

Wat ert own

200

-21%

$700,000.00

3%

19

-5%

176

-20%

Winchest er

72

-12%

$795,000.00

4%

21

-9%

52

-32%

Wint hrop

102

-26%

$517,500.00

16%

22

-4%

86

-20%

Woburn

192

32%

$651,250.00

35%

15

-21%

120

3%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

25

20 23 M ARKET INSIGHTS

MetroWest

SINGLE FAMILY SNAPSHOT | 20 23

2,603

?

-21% YOY

LISTINGS TAKEN

18 MEDIAN DAYS ON MARKET

$967,405

?

+6% YOY

MEDIAN SALE PRICE

?

+13% YOY

2,157

?

-23% YOY

SOLD LISTINGS

Featured Listing: 78 Arnold Rd, Wellesley | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024. For the purpose of this report MetroWest includes: Ashland, Dover, Framingham, Holliston, Hopkinton, Medfield, Medway, Millis, Natick, Needham, Sherborn, Sudbury, Wellesley, Weston

26

REGION | M ETROWEST

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Ashland

114

-29%

$696,500.00

8%

14

-13%

104

-54%

Dover

82

-5%

$1,672,500.00

-2%

21

0%

62

-19%

Framingham

389

-32%

$645,000.00

5%

13

-7%

346

-32%

Hollist on

144

-36%

$683,500.00

5%

18

13%

138

-34%

Hopkint on

212

-4%

$950,000.00

5%

19

19%

171

-9%

Medfield

133

-15%

$904,000.00

-7%

16

-6%

109

-22%

Medway

133

-16%

$690,000.00

11%

20

5%

115

-8%

Millis

89

-3%

$679,900.00

13%

20

5%

67

-21%

Nat ick

299

-16%

$900,000.00

0%

19

19%

233

-21%

Needham

299

-13%

$1,495,000.00

0%

18

29%

247

-8%

Sherborn

68

-15%

$1,250,000.00

12%

12

-8%

50

-22%

Sudbury

186

-36%

$1,125,000.00

-2%

20

5%

161

-33%

Wellesley

290

-16%

$1,915,000.00

2%

12

9%

226

-26%

West on

165

-19%

$2,222,500.00

-9%

25

47%

128

-1%

Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Data pulled on 01/ 12/ 2024.

27

20 23 M ARKET INSIGHTS

North Shore

SINGLE FAMILY SNAPSHOT | 20 23

3,727

?

-20 % YOY

LISTINGS TAKEN

20 MEDIAN DAYS ON MARKET

$685,000

?

+7% YOY

MEDIAN SALE PRICE

?

+0 % YOY

3,103

?

-23% YOY

SOLD LISTINGS

Featured Listing: 146 Bridge St, Manchester | Source: MLSPin 01/ 01/ 2023 ? 12/ 31/ 2023. Left page: Data pulled on 01/ 23/ 2024. Right page: Date pulled on 01/ 12/ 2024. For the purpose of this report North Shore includes: Amesbury, Beverly, Boxford, Danvers, Essex, Georgetown, Gloucester, Groveland, Hamilton, Haverhill, Ipswich, Lynn, Lynnfield, Manchester, Marblehead, Merrimac, Middleton, Nahant, Newbury, Newburyport, Peabody, Rockport, Rowley, Salem, Salisbury, Saugus, Swampscott, Topsfield, Wenham, West Newbury

28

REGION | NORTH SHORE

Single Family LISTINGS TAKEN

MEDIAN SALE PRICE

MEDIAN DOM

SOLD LISTINGS

Town

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

20 23

YOY% Change

Amesbury

124

-21%

$685,000.00

18%

19

-5%

107

-20%

Beverly

223

-23%

$720,000.00

14%

18

-5%

206

-23%

Boxford

99

-24%

$927,000.00

1%

21

5%

94

-15%

Danvers

168

-29%

$670,000.00

6%

18

-5%

157

-23%

Essex

27

13%

$925,000.00

24%

31

107%

23

28%

Georget own

66

-31%

$750,000.00

13%

17

-11%

61

-31%

Gloucest er

157

-14%

$689,500.00

5%

21

5%

124

-23%

Groveland

59

-17%

$635,000.00

10%

21

5%

45

-36%

Hamilt on

84

-22%

$773,250.00

5%

22

22%

64

-24%

Haverhil

316

-24%

$527,500.00

6%

18

-5%

282

-25%

Ipswich

118

-13%

$874,950.00

18%

20

0%

92

-23%

Lynn

379

-26%

$550,000.00

8%

20

0%

341

-25%

Lynnfield

120

-7%

$1,100,000.00

15%

19

0%

94

-19%

Manchest er

53

-13%

$1,595,000.00

18%

35

67%

37

-31%

Marblehead

187

-17%

$964,875.00

3%

21

0%

162

-16%

Merrimac

59

-2%

$568,750.00

-17%

22

10%

40

-23%

Middlet on

73

-5%

$948,000.00

10%

25

19%

50

0%

Nahant

44

-8%

$930,075.50

-2%

33

38%

28

12%

Newbury

81

-8%

$840,000.00

-8%

19

0%

56

-11%

Newburyport

198

2%

$950,000.00

0%

18

-10%

125

-20%

Peabody

248

-26%

$625,000.00

4%

19

0%

234

-24%

Rockport

73

-8%

$849,500.00

8%

32

52%

46

-23%

Rowley

59

-20%

$850,000.00

0%

21

-9%

47

-33%

Salem

144

-35%

$600,000.00

-2%

18

-5%

133

-35%

Salisbury

70

-18%

$588,500.00

13%

16

-20%

47

-31%

Saugus

240

-16%

$610,000.00

-2%

19

6%

208

-15%

Swampscot t

89

-40%

$855,000.00

8%

22

5%

76

-35%

Topsfield

62

-9%

$872,500.00

8%

22

0%

48

-25%

Wenham

43

-12%

$960,000.00

7%

18

-18%

33

-33%

West Newbury

65

14%

$785,000.00

2%

22

5%

41

5% 29

D I S C OV ER T H E EA S E O F

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