Essex, MA Foreclosures
How much do homes sell for in Essex, MA?
The average home price is currently $1,061,079.
In Essex, MA, how many homes are available?
There are currently 4 active home listings available in Essex.
What’s the average rental cost in Essex, MA?
The average rental price in Essex is $2,425.
What is the most expensive home in Essex?
The most expensive home sold in Essex had a price of $11,535,648.
What is currently the cheapest priced home in Essex, MA?
The cheapest home for sale in Essex is priced at $17,495.
Living in Essex, MA
Essex is a charming coastal town located in Massachusetts, known for its rich maritime history and beautiful waterfront views. The town offers a tight-knit community atmosphere, attractive residential neighborhoods, and convenient access to the nearby cities of Salem and Gloucester. With its picturesque landscapes and recreational activities, Essex is a desirable location for both families and retirees.
Current Market Conditions in Essex, MA
The real estate market in Essex, MA remains strong, with a steady demand for homes. The charming aesthetic of the town, combined with its coastal lifestyle, continues to attract buyers, including families and retirees looking for a peaceful retreat. Recent trends indicate a slight increase in home values, thanks to limited inventory and a growing interest in the area from out-of-state buyers seeking second homes or vacation properties.
As of the latest reports, homes in Essex are selling quickly, often above asking price, signaling a competitive market. The supply of homes has remained tight, leading to fewer options for buyers, which adds to the appeal of investing in this real estate market.
Home Value Estimator For Essex, MA
There are currently 1,417 real estate properties
in Essex, MA,
with a median automated valuation model (AVM) price
of $879,945.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Essex, MA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Essex, MA,
is $1,061,079.00, with the most expensive house
in Essex, MA, topping out
at $11,535,648.00 and the cheapest home
in Essex, MA,
clocking in at $17,495.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Essex, MA!
Rent Prices
In Essex, MA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Essex, MA, is on
a rollercoaster ride. The
average rent price in Essex, MA,
is $2,425.00. Indeed, when looking to rent in
Essex, MA, you can expect to pay as little
as $1,440.00 or as much
as $3,720.00,
with the average rent median estimated to
be $2,420.00. The good news is that finding
an affordable and desirable property to rent in Essex, MA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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