How much does it cost to live in each town in Essex County?

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This chart shows the median price of the Single Family Homes sold in each of the 34 cities and towns in Essex County in the first 8 months of 2021, together with Condo prices overall in Essex County, Boston and Massachusetts. Read my comments below the chart:

With the strength of the market over the last year or so, it is important to understand that properties are available at a wide range of prices in Essex County.

Over the years I have said to my sons that sometimes you know where you are going and it is like sailing with a tailwind – and sometimes you have to tack. Maybe right now you can’t afford Marblehead, but you can afford Salem and in a few years, as your circumstances improve, you may be able to afford Marblehead. So you tack.

The other thing – and I think this is really important – is the understand what the median price means. Let’s take Marblehead as an example. The median price YTD is $821,500 on 142 sales. That does NOT mean that you have to pay $821,500 to live in Marblehead. What it DOES mean is that, while there were more than 70 houses which sold for more than $821,500, there were also more than 70 houses that sold for LESS than $821,500.

I have mentioned Salem, but Beverly is another dynamic and vibrant town. The median price of 196 sales was $625,000 YTD, so again there were over 90 sales BELOW $625,000.

Yes, inventory remains in short supply, but widening the search may just provide a solution. And I do have market reports available for each of the 34 cities and towns so please reach out to me to receive a copy of any ones in which you are interested.

The Facts about Inventory and Home Prices

And read these recent articles:

Team Harborside recognized on America’s Best Real Estate Professionals list
Are mortgage rates heading up or down?
Essex County 2021 Residential Property Tax Rates: a Town by Town guide
Naples August Housing Market Review

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of Oliver Reports . He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Sale, Beverly, Lynn and Swampscott.”

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReportsMA.com
[email protected]

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
[email protected]
m. 617.834.8205
www.MarbleheadSouth.com