July 2023 Market Update

We provide a comparative analysis of the state of the real estate market in our North Shore & Cape Ann service areas. Data is based on the previous month's stats. Data is sourced from MLSPIN and does not include any off-market sales.

North Shore | Real Estate Market Update | July 2023

The July 2023 market report looked very similar to the June data where we saw significantly fewer sales alongside significantly lower inventory. The summer 2022 market was one of the hottest markets we had seen in a long time, so comparatively we are seeing more days on market and not quite as high of a list price to sale price ratio, but the numbers still show a strong seller's market. Notably, the average sale price was higher on average than last summer at this time. The low inventory is certainly a driver in keeping this a competitive seller's market.


North Shore + Cape Ann

212

NEW LISTINGS

2022: 274

$825,487

AVG SALES PRICE

2022: $827,723

23

AVG DAYS TO OFFER

2022: 14

171

HOMES SOLD

2022: 248

104

SALES PRICE: LIST PRICE

2022: 108

Manchester-by-the-Sea + Essex

7

NEW LISTINGS

2022: 14

$1,940,714

AVG SALES PRICE

2022: $1,138,800

119

AVG DAYS TO OFFER

2022: 30

7

HOMES SOLD

2022: 10

102

SALES PRICE: LIST PRICE

2022: 103

Gloucester

37

NEW LISTINGS

2022: 31

$861,997

AVG SALES PRICE

2021: $775,077

11

AVG DAYS TO OFFER

2022: 9

29

HOMES SOLD

2022: 26

103

SALES PRICE: LIST PRICE

2022: 105

Beverly 

47

NEW LISTINGS

2022: 49

$746,342

AVG SALES PRICE

2022: $689,932

19

AVG DAYS TO OFFER

2022: 11

26

HOMES SOLD

2022: 50

106

SALES PRICE: LIST PRICE

2022: 111

Salem

47

NEW LISTINGS

2022: 71

$580,114

AVG SALES PRICE

2021: $539,392

22

AVG DAYS TO OFFER

2022: 9

43

HOMES SOLD

2022: 65

103

SALES PRICE: LIST PRICE

2022: 108

Hamilton + Wenham

15

NEW LISTINGS

2022: 24

$1,100,100

AVG SALES PRICE

2022: $1,137,411

14

AVG DAYS TO OFFER

2022: 30

15

HOMES SOLD

2022: 37

107

SALES PRICE: LIST PRICE

2022: 108

Ipswich

16

NEW LISTINGS

2022: 24

$730,427

AVG SALES PRICE

2022: $903,180

40

AVG DAYS TO OFFER

2022: 19

15

HOMES SOLD

2022: 27

102

SALES PRICE: LIST PRICE

2022: 105

Marblehead

32

NEW LISTINGS

2022: 44

$919,814

AVG SALES PRICE

2022: $1,130,902

16

AVG DAYS TO OFFER

2022: 14

21

HOMES SOLD

2022: 35

105

SALES PRICE: LIST PRICE

2021: 109

Rockport

11

NEW LISTINGS

2022: 16

$763,444

AVG SALES PRICE

2022: $693,138

18

AVG DAYS TO OFFER

2022: 9

15

HOMES SOLD

2022: 8

101

SALES PRICE: LIST PRICE

2022: 106

See how much your home would sell for, today.

  • Step 1
  • Step 2
First Name
Last Name
Email
Phone
Best time to call

Thank you for reaching out!

We'll get in touch with you soon.