North Shore | Real Estate Market Update | February 2023

The market data for our 2023 February market report showed higher average sales prices than February of 2022 but far less overall sales. The number of days to offer was not too far off from 2022 with 25 days to offer on average across our North Shore region, compared to 24 in 2022. The sale price to list price ratio was also similar, with 102 in 2023 compared to 103 in 2022. 

What we continue to see is that homes that are priced right and are totally sale ready: staged, organized, great photos, priced intelligently, along with a robust & strategic marketing plan are still selling quickly and over asking price. Now, more than ever, you need to have a savvy local agent that will go above and beyond to get your home sold. There are still motivated buyers out there and very little inventory, so it's our job to be the matchmakers and present your home in its best light.

SOURCE VIA MLS; TOTAL SOLD MARKET STATISTICS NOVEMBER 2022 VS. NOVEMBER 2021, ON-MARKET SNAPSHOT AS OF 12/6/2022
NORTH SHORE DATA INCLUDES: BEVERLY, ESSEX, GLOUCESTER, HAMILTON, IPSWICH, MANCHESTER, MARBLEHEAD, ROCKPORT, SALEM, WENHAM 


Manchester-by-the-Sea + Essex

3

NEW LISTINGS

2022: 3

$391,250 *2 Condos*

AVG SALES PRICE

2022: $780,416

28

AVG DAYS ON MARKET

2022: 32

2

HOMES SOLD

2022: 6

99

SALES PRICE: LIST PRICE

2022: 106

Gloucester

15

NEW LISTINGS

2022: 16

$997,222

AVG SALES PRICE

2021: $870,620

35

AVG DAYS ON MARKET

2022: 38

9

HOMES SOLD

2022: 9

98

SALES PRICE: LIST PRICE

2022: 96

Beverly

20

NEW LISTINGS

2022: 18

$534,137

AVG SALES PRICE

2022: $697,185

29

AVG DAYS ON MARKET

2022: 40

14

HOMES SOLD

2022: 29

99

SALES PRICE: LIST PRICE

2022: 104

Salem

20

NEW LISTINGS

2022: 44

$485,000

AVG SALES PRICE

2021: $509,512

53

AVG DAYS ON MARKET

2022: 39

27

HOMES SOLD

2022: 47

98

SALES PRICE: LIST PRICE

2022: 101

Hamilton + Wenham

8

NEW LISTINGS

2022: 8

$806,000

AVG SALES PRICE

2022: $599,475

61

AVG DAYS ON MARKET

2022: 20

5

HOMES SOLD

2022: 8

97

SALES PRICE: LIST PRICE

2022: 103

Ipswich

14

NEW LISTINGS

2022: 12

$615,714

AVG SALES PRICE

2022: $601,000

88

AVG DAYS ON MARKET

2022: 28

7

HOMES SOLD

2022: 10

98

SALES PRICE: LIST PRICE

2022: 99

Marblehead

17

NEW LISTINGS

2022: 7

$718,750

AVG SALES PRICE

2022: $796,500

40

AVG DAYS ON MARKET

2022: 67

12

HOMES SOLD

2022: 12

103

SALES PRICE: LIST PRICE

2021: 106

Rockport

5

NEW LISTINGS

2022: 2

$400,000 *2 Condo Sales*

AVG SALES PRICE

2022: $532,083

66

AVG DAYS ON MARKET

2022: 67

2

HOMES SOLD

2022: 6

97

SALES PRICE: LIST PRICE

2022: 98

See how much your home would sell for, today.

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