Q3 2024 MARKET REPORT
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
MEDIAN SALES PRICE
$675K
5% MORE THAN IN Q3 2023
CLOSED SALES
1,816
10% MORE THAN IN Q3 2023
INVENTORY
838
34% MORE THAN IN Q3 2023
A B O U T
B E V E R L Y
A quiet Boston suburb located northeast of the city, Beverly is home to more than 40,000 residents.
It’s not a suburb in the typical sense, however its incorporation in 1668 means the town has had centuries to develop its distinguishing features and character. From the landscape and parks to the homes and businesses, nothing is cookie-cutter here. In addition to tidy neighborhoods showcasing the best of Beverly’s real estate options, the town has a handful of quaint commercial districts. You’ll find eateries, cafes, and shops along both Cabot Street and Rantoul Street. Recreation spots are plentiful, including Dane Street Beach, Snake Hill Park, and the Beverly Golf & Tennis Club.
Homes for sale in Beverly range from simple condos to grandiose dwellings spanning thousands of square feet. No matter which you choose, curb appeal is practically guaranteed.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
$690K
7% MORE THAN IN Q3 2023
CLOSED SALES
89
5% FEWER THAN IN Q3 2023 INVENTORY
34
36% MORE THAN IN Q3 2023
D A N V E R S
A beautiful suburb north of Boston, Danvers was once called Salem Village and is probably best known for its connection to the Salem Witch Trials in 1692.
Despite its intriguing past, an air of calm and serenity permeates the air in this bedroom community, which offers proximity to both the city and to popular seaside communities. Recreation is big here, with marinas clustered around the Crane River and expansive parks dotting the landscape.
Homes for sale in Danvers run the gamut from quaint ranch-style digs to head-turning Victorians on impressive lawns. Attractive real estate options are peppered throughout town, giving homebuyers the choice of setting down roots near the water, near the town center, or tucked in more rural neighborhoods.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
MEDIAN
$643K
4% MORE THAN IN Q3 2023
CLOSED SALES
80
29% MORE THAN IN Q3 2023 INVENTORY 17
15% MORE THAN IN Q3 2023
A B O U T
G L O U C E S T E R
A beautiful coastal haven situated on Cape Ann, Gloucester has grown from a quiet fishing village to a beloved summertime vacation destination.
Blessed with tiny inlets, ponds, and a few white-sand beaches, this hideaway promises a reinvigorating way of life for lucky residents. The southern end of town is home to a delightful commercial district with cobblestone streets and an assortment of boutique shops and locally-owned restaurants.
There’s an attractive selection of homes for sale in Gloucester, including everything from charming colonials to updated condos near the beachfront. It’s no surprise that dwellings that offer beautiful ocean views fetch the steepest prices. But real estate in Gloucester isn’t limited to opulent properties with hefty price tags — there are affordable options as well.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
$712K
2% MORE THAN IN Q3 2023
CLOSED SALES
53
16% FEWER THAN IN Q3 2023 INVENTORY
42
17% MORE THAN IN Q3 2023
A B O U T
L Y N N
As the largest city in Essex County, Lynn is a coastal gem that combines beautiful scenery with convenient urban amenities.
The last few decades have seen the city undergo various revitalization efforts, giving it a newfound reputation as a center for arts, culture, and recreation. The downtown area is a cluster of tall buildings, parks, and popular businesses, while the nearby shoreline features a string of captivating beaches. More inland, a huge park and golf course gives residents a place to savor the splendor of nature.
From ocean-view palaces to compact condos tucked into quiet streets, real estate in Lynn gives homebuyers plenty of choices. It’s not hard to find historic digs with beautiful wood accents, nor is it hard to pinpoint the perfect waterfront condo. Variety is a given when it comes to homes for sale in Lynn, even at a wide range of price points.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
MEDIAN SALES PRICE
$568K
7% MORE THAN IN Q2 2023
CLOSED SALES
146
33% MORE THAN IN Q3 2023 INVENTORY
49
29% MORE THAN IN Q3 2023
A B O U T
N A H A N T
The entire town of Nahant is contained in one square mile, but what a heavenly square mile it is.
Blessed with long, uninterrupted beaches in addition to smaller coves, this tiny seaside haven packs a big punch.
Most residences here are located on a peninsula sitting at the end of a narrow strip of land. Only so much Nahant real estate can be squeezed into an area so small, making homes here especially coveted. Though there are only a handful of businesses here, many more options await in the nearby town of Lynn.
Most homes for sale in Nahant are of the opulent variety think mansions with spectacular grounds and glittering façades. But that doesn’t mean more modest homes are impossible to come by, boasting access to all the same stunning views and natural amenities.
N A H A N T MEDIAN
RESIDENTIAL PROPERTY SNAPSHOT SINGLE FAMILY HOMES & CONDOS | Q3 2024
$875K
22% LESS THAN IN Q3 2023
CLOSED SALES
11
10% MORE THAN IN Q3 2023 INVENTORY
18
80% MORE THAN Q3 2023
A B O U T
P E A B O D Y
Most things you need to live a modern, convenient lifestyle can be found here.
Located in the state’s North Shore region between coastal communities and Harold Parker State Forest, Peabody makes a comfortable home for roughly 50,000 residents. Most things you need to live a modern, convenient lifestyle can be found here – highways, recreation spots, nature areas, and national restaurants and retailers, for instance. But in an area with such an extensive history, it’s likely you'll stumble across museums and landmarks that aim to keep the past fresh in residents’ minds.
From charming ranch-style properties to condos located in renovated historic buildings, the options for real estate in Peabody are plentiful. Whether you see yourself living in cozy digs or something more spread out, it’s likely you’ll find what you ’ re looking for here.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
9% MORE THAN IN Q3 2023
CLOSED SALES
100
2% MORE THAN IN Q3 2023 INVENTORY
47% MORE THAN IN Q3 2023
A B O U T
M A R B L E H E A D
Once referred to as the fishing capital of the United States, Marblehead still boasts undeniable fishing village vibes.
On any given summer afternoon, you’ll see scores of watercraft bobbing in the harbor. Tiny cove beaches peppering the coastline give residents a place to unwind, while the Steer Swamp Conservation Area makes it easy to go for a hike amid stunning surroundings. While there are plenty of desirable areas to search for homes for sale in Marblehead, the waterfront gets top billing.
cruise around town will reveal a treasure trove of attractive dwellings. Façades come in a rich variety, though the New England seaside cottage look is especially popular. Price points for real estate in Marblehead vary widely. Be prepared to pay top dollar for properties that boast views of the ocean.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
$910K
3% LESS THAN IN Q3 2023
CLOSED SALES
61
10% FEWER THAN IN Q3 2023 INVENTORY
24
17% FEWER THAN IN Q3 2023
A B O U T
S A L E M
Known around the world as the site of the Salem Witch Trials, the city of Salem draws curious visitors interested in learning more about the area ’ s history.
But in spite of the city’s sensational past, it’s now a low-key place to call home. Its downtown area gives residents plenty of inviting places to convene, while parks and waterfront spots allow for moments of solace. Given the town’s long list of amenities and its proximity to Boston, it’s no wonder that real estate in Salem is ever-popular.
A cruise around residential sectors reveals dwellings in all shapes and sizes, from multiple-family homes with plenty of space to updated condos occupying old buildings. Neighborhoods are more condensed near the center of town, so check out the area near the Forest River Conservation Area to be a bit more secluded.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
$595K
11% MORE THAN IN Q3 2023
106
5% MORE THAN IN Q3 2023 INVENTORY 44
52% MORE THAN Q3 2023
A B O U T
S W A M P S C O T T
Swampscott is a scenic town wedged within the Atlantic coastline between other pretty coastal getaways such as Lynn and Marblehead.
While only about 13 miles separate this quiet hideaway from the bustle of downtown Boston, the two are worlds apart when it comes to lifestyle. Those with their own slice of coveted Swampscott real estate can enjoy golf, beaches, hiking, and patronizing unique local businesses. A shopping center to the north of town adds convenience to the long list of natural and recreational assets.
Finding Swampscott homes for sale to fall in love with shouldn’t be hard. From flawless waterfront mansions to picture-perfect colonials, this town serves the good life up on a silver platter. Expect recently updated interiors and eye-catching exteriors that play up historic architectural features.
RESIDENTIAL PROPERTY SNAPSHOT
SINGLE FAMILY HOMES & CONDOS | Q3 2024
$720K
1% MORE THAN IN Q3 2023
CLOSED SALES
37
32% MORE THAN IN Q3 2023 INVENTORY 17
21% MORE THAN Q3 2023
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