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Short Sale Listings in Gloucester, MA 01930

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Living in Gloucester, MA

Gloucester, Massachusetts is a scenic coastal town known for its rich maritime history and beautiful waterfront views. The city boasts a vibrant arts community, numerous outdoor activities, and a welcoming atmosphere perfect for families and retirees alike. With easy access to Boston and Cape Ann, Gloucester offers both relaxation and adventure at every turn.

Current Market Conditions in Gloucester, MA

The Gloucester real estate market continues to thrive, characterized by a robust demand for homes due to the town's popularity as a coastal retreat. The average home prices have increased, reflecting the desirability of living in a historic, scenic town with a strong community. Despite rising prices, there remains a steady influx of buyers looking to invest in the area, drawn by its charm and offerings.

In recent months, there has been a notable trend of younger families moving into Gloucester, attracted by its excellent schools and vibrant community life. This demographic shift has led to a growing diversity in the housing market, with a mix of historic homes and new developments catering to various income levels.

Home Value Estimator For Gloucester, MA

There are currently 11,725 real estate properties in Gloucester, MA, with a median automated valuation model (AVM) price of $718,119.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gloucester, 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 Gloucester, MA, is $958,298.00, with the most expensive house in Gloucester, MA, topping out at $13,337,656.00 and the cheapest home in Gloucester, MA, clocking in at $13,617.00. In other words, there’s something for every potential homebuyer or savvy investor in Gloucester, MA!

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.

Gloucester, MA 01930 Short Sale Listings

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