Year End Reports
Amesbury 2020 Housing Market Review
The median price of the SFHs sold in Amesbury in 2020 increased 12.3% to $467,000. Sales dropped from 2019 but were in line with the average of recent years
Andover 2020 Housing Market Review
The median price of the SFHs sold in Andover in 2020 increased 9.6% to $740,000. Sales dropped from 2019 but were in line with the average of recent years
Beverly 2020 Housing Market Review
The median price of the SFHs sold in Beverly in 2020 increased 8.7% to $560,000. Sales increased from 2019 to the highest level since 2016
Boxford 2020 Housing Market Review
The median price of the SFHs sold in Boxford in 2020 increased 15.9% to $785,000, the 3rd highest median price of the 24 towns in Essex County. Sales increased and topped the previous record of 131 in 2016.
Danvers 2020 Housing Market Review
The median price of the SFHs sold in Danvers in 2020 increased 9.9% to $549,000. While sales were in line with the prior year, they were well below the levels of recent years.
Town of Essex 2020 Housing Market Review
The median price of the SFHs sold in the town of Essex in 2020 increased 17.6% to $705,000, finally beating the 2005 high of $697,500. Sales jumped sharply to a new record high.
Georgetown 2020 Housing Market Review
The median price of the SFHs sold in Georgetown in 2020 increased 12.1% to $510,000, finally beating the 2004 high of $465,000. Sales declined slightly but were in line with the 3-year average.
Gloucester 2020 Housing Market Review
The median price of the SFHs sold in Gloucester in 2020 increased 7.8% to $510,000, breaking $500,000 for the first time. Sales dropped to the lowest level since 2011.
Groveland 2020 Housing Market Review
The median price of the SFHs sold in Groveland in 2020 increased just 0.6% to $495,000. Sales exceeded the previous high of 2017
Hamilton 2020 Housing Market Review
The median price of the SFHs sold in Hamilton in 2020 increased 5.0% to $631,000. Sales exceeded the previous high of 2017.
Haverhill 2020 Housing Market Review
The median price of the SFHs sold in Haverhill in 2020 jumped 16.2% to $415,000, breaking $400,000 for the first time. Sales were in line with the 3-year average.
Ipswich 2020 Housing Market Review
The median price of the SFHs sold in Ipswich in 2020 increased 10.6% to $649,500, breaking $600,000 for the first time – decisively. Sales declined slightly but were still above the 3-year average.
Lawrence 2020 Housing Market Review
The median price of the SFHs sold in Lawrence in 2020 increased 13.1% to $345,000. An increase in sales in Q4 could not compensate for the sharp drop in Q2
Lynn 2020 Housing Market Review
The median price of the SFHs sold in Lynn in 2020 increased 11.4% to $429,000, breaking $400,000 for the first time. Sales dropped nearly 10% with almost all the decline occurring in Q2.
Lynnfield 2020 Housing Market Review
The median price of the SFHs sold in Lynnfield in 2020 increased 10.7% to $742,500, breaking $700,000 for the first time – decisively. Sales dropped to the lowest level since 2016, with the decrease fairly consistent quarter to quarter
Manchester-by-the Sea 2020 Housing Market Report
The median price of the SFHs sold in Manchester- by-the Sea in 2020 increased 18.2% to $970,500. Sales were a record and in H2 alone nearly equaled the annual level in recent years
Marblehead 2020 Housing Market Review\
The median price of the SFHs sold in Marblehead in 2020 increased 8.0% to $775,000. There was an unusually large difference between H1 and H2, reflecting the surge of buyers fleeing cities from Boston and beyond. Sales declined slightly but were in line with the 3-year average
Merrimac 2020 Housing Market Review
The median price of the SFHs sold in Merrimac in 2020 increased 20.1% to $502,000, breaking $500,000 for the first time. Sales dropped to the lowest level since 2015
Methuen 2020 Housing Market Review
The median price of the SFHs sold in Methuen in 2020 increased 6.8% to $411,000, breaking $400,000 for the first time. Sales declined somewhat, but were in line with the 3-year average
Middleton 2020 Housing Market Review
The median price of the SFHs sold in Middleton in 2020 increased 24.1% to $770,000, breaking $700,000 for the first time – decisively. Sales were in line with the levels in recent years
Nahant 2020 Housing Market Review
The median price of the SFHs sold in Nahant in 2020 increased 19.9% to $745,000, breaking $700,000 for the first time. Sales increased but were in line with the 3-year average.
Newbury 2020 Housing Market Review
The median price of the SFHs sold in Newbury in 2020 increased 30.0% % to $715,000, breaking through not just the $600,000 barrier for the first time but also $700,000. Sales were close to last year’s record level.
Newburyport 2020 Housing Market Review
The median price of the SFHs sold in Newburyport in 2020 increased 50% % to $750,500, with a strong H2 more than compensating for the lower median price in H1. Sales were the second highest on record albeit well down from last year’s record level.
North Andover 2020 Housing Market Review
The median price of the SFHs sold in North Andover in 2020 increased 13.9% to $695,000, threatening $700,000 one year after passing $600,000 for the first time. Sales recovered from last year’s dip and were close to those of the prior several years.
Peabody 2020 Housing Market Review
The median price of the SFHs sold in Peabody in 2020 increased 15.4% to $525,000, breaking $500,000 for the first time. While down from 2017’s exceptional level, sales were in line with other recent years.
Rockport 2020 Housing Market Review
The median price of the SFHs sold in Rockport in 2020 increased 9.5% to $650,000, regaining the ground lost in 2019 and then some. Sales were in line with the levels in recent years
Rowley 2020 Housing Market Review
The median price of the SFHs sold in Rowley in 2020 increased 1.8% to $592,500. While the number of sales dropped sharply from 2019’s record level, they were in line with recent years other than 2019.
Salem 2020 Housing Market Review
The median price of the SFHs sold in Salem 2020 jumped 13.6% to $490,000. In H2, the SFH median price broke $500,000 for the first time. A 5.1% drop in sales in the first half (H1) was followed by a 9.2% increase in H2.
Salisbury 2020 Housing Market Review
The median price of the SFHs sold in Salisbury in 2020 increased 15.3% to $436,950. Sales were in line with the 3-year average.
Saugus 2020 Housing Market Review
The median price of the SFHs sold in Saugus in 2020 increased 9.8% to $505,000, breaking $500,000 for the first time. Sales dropped sharply to the lowest level since 2014.
Swampscott 2020 Housing Market Review
The median price of the SFHs sold in Swampscott in 2020 increased 6.8% to $630,000, breaking $600,000 for the first time. Sales declined again to the second lowest level since 2012.
Topsfield 2020 Housing Market Review
The median price of the SFHs sold in Topsfield in 2020 increased 9.5% to $650,000, regaining the ground lost in 2019 and then some. Sales were in line with the levels in recent years.
Wenham 2020 Housing Market Review
The median price of the SFHs sold in Wenham in 2020 increased 14.3% to $788,750. Sales were again higher than the average of recent years.
West Newbury 2020 Housing Market Review
The median price of the SFHs sold in West Newbury in 2020 increased 1.8% to $592,500. While the number of sales dropped sharply from 2019’s record level, they were in line with recent years other than 2019.
Q3 2020 Market Reports
Marblehead Q3 Housing Market Summary
In Q3, the first full quarter of sales post the COVID-19 slowdown in March and April, the median price of the Single Family Homes (SFH) sold jumped to $846,000, more than $100,000 higher than any prior quarter. The median price in the first 9 months of the year increased 5.3% to a new record of $750,000.
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Swampscott Q3 Housing Market Report
The median price of the Single Family Homes (SFH) sold in the first 9 months of 2020 increased 4.1%, breaking $600,000 for the first time. Sales were steady, while the median Days to Offer (DTO) was just 7 days.
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Salem Q3 Housing Market Report
The median price of SFHs sold in the first 9 months of 2020 (YTD Q3) jumped 13.3% to $490,000. Sales eased a little from last year’s record level, and the median Days to Offer (DTO) was just 7 days.
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Beverly Q3 Housing Market Report
The median price of SFHs sold in the first 9 months of 2020 (YTD Q3) increased 5.8% to $550,000. Sales were in line with 2019 and the median Days to Offer (DTO) was just 7 days.
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Essex County Q3 Housing Market Report>
The median price of SFHs sold in the first 9 months of 2020 (YTD Q3) jumped 11.8% to $532,500, comfortable breaking through the $500,000 level for the first time. Every one of the 34 cities and towns saw a Year on Year increase. Most of the sales decline occurred in the COVID-19 impacted Q2. The median Days to Offer (DTO) was just 10 days.
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Market reports for other towns in Essex County and beyond are available on request
Mid-Year 2020 Market Reports
Market reports for Amesbury, Beverly, Boxford, Danvers, Gloucester, Lynn, Marblehead, Peabody, Rockport, Salem, Swampscott,Topsfield and Wenham are available on request to andrew@OliverReports.com or by calling 617.834.8205
Q1 2020 Market Reports
Marblehead Q1 2020 Market Summary
The median price of Single Family Homes (SFH) sold in Q1 2020 was $692,500. This compared with $602,500 in Q1 2019 and $730,000 in Q1 2018, a clear indication of the quarterly fluctuations that can occur, especially during the winter months, when the number of sales is small.
Swampscott Q1 2020 Housing Market Summary
The median SFH in Q1 2020 was almost unchanged at $567,500 compared with $568,000 in Q1 2019.
The median price of the condos sold surged 53% to $515,000, reflecting the sale of units at Fisherman’s Watch at prices from $724,900 to $1,249,000.
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