Gloucester, MA Home Values & Market Trends

Real estate market trends reflect that there have been 338 transactions over the past year in Gloucester. The median value for residential home transactions that occurred over the previous year is $678,149.34. The number of current listings in Gloucester is 4, and the percentage of properties for sale in the city is 4.00%. Gloucester, MA currently has 19 properties in foreclosure, 2 bank owned properties, 2 properties headed for auction, and 4 properties for sale.

Gloucester, MA Real Estate Market Overview

ZipMedian Est. Value
01930

$ 812,520

$ 455/sqft

Housing Market Summary for Gloucester, MA

Mar 2023February 2024Change
Median Listing Price$690K$628.6K-8.90%
Median Sold Price$608.4K$628.6K3.32%
Homes For Sale93-66.67%
Homes Sold166157-5.42%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Gloucester, MA

Gloucester home values range from $63,136 to $12,745,513. The median estimated value of a home in Gloucester is $678,149.34. The median list price of a home is 590,000, and the total count of properties in the city is 10,681.

Foreclosure
There is 1 zips within Gloucester, MA; within this zips, the median estimated home value for homes in foreclosure ranges from $1,750,267 in 01930 to the lowest value of $338,831 in 01930. Foreclosure homes account for 0.00% of properties in Gloucester, MA with 01930 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.14% of all residential properties in Gloucester, MA with 01930 containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Gloucester, MA; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,750,267 in 01930 to the lowest home value of $456,129 in 01930.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Gloucester, MA ranges from the highest value of $825,678 in 01930 to the lowest value of $338,831 in 01930. Bank owned homes and properties account for 0.02% of properties in Gloucester, MA. There is 1 zips within Gloucester, MA; 01930 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    01930 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Gloucester, MA. Auction homes and other auction properties account for 0.02% of all properties in Gloucester, MA. There is 1 zips within Gloucester, MA; of that zips, the median estimated home value for homes going to auction ranges from $816,606 in 01930 to the lowest value of $574,250 in 01930.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.04% of residential properties in Gloucester, MA with 01930 containing 4 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Gloucester, MA; homes for sale in that zips, have a range of median values from $2,505,959 in 01930 to the lowest value of $484,500 in 01930.
    Sold Homes
    The median value for recently sold homes ranges from $4,534,200 in 01930 to the lowest price of $63,048 in 01930. There is 1 zips within Gloucester, MA. 01930 has 137 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.28% of properties in Gloucester, MA.

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      Guide for Gloucester, MA

      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?

      Recently Listed Homes Gloucester, MA

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