Foreclosure Homes in Gloucester, MA

Current Market Conditions in Gloucester, MA

The real estate market in Gloucester has shown moderate growth over the past year, driven by the demand for waterfront properties and the allure of coastal living. Many homes have appreciated in value, attracting newcomers looking for both primary residences and vacation homes. However, inventory can be tight, and homes may sell quickly, particularly those located near the beach or with water views.

Current trends indicate a shift towards more sustainable living, with increasing interest in properties that offer energy-efficient features and proximity to outdoor recreational activities. Investors and first-time homebuyers are actively seeking opportunities, leading to a competitive market environment.

Rent Prices In Gloucester, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gloucester, MA, is on a rollercoaster ride. The average rent price in Gloucester, MA, is $2,153.00. Indeed, when looking to rent in Gloucester, MA, you can expect to pay as little as $900.00 or as much as $3,660.00, with the average rent median estimated to be $2,180.00. The good news is that finding an affordable and desirable property to rent in Gloucester, 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.