Marblehead Mid-Year Market Report

The median price of the Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) jumped 19.4% from the COVID-influenced $678,500 in H1 2020 to $810,000, although this was lower than the $839,900 in H2 2020. Sales of 104 units increased from 93 in 2020 and compared with the 5-year average of 96.

The share of SFHs selling above list price increased from 23% in H1 2020 in 62% in 2021, with 25% of sales at 110% or more of list – against none in H1 2020.

Sales over $1 million doubled from 18 in H1 2020 to 35 in H1 2021. While there were only 2 sales over $2 million in H1 2020, there were 7 in H1 2021, including 2 at $4 million and 2 at $5 million.

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