Gloucester, MA Foreclosures
How much do homes sell for in Gloucester, MA?
The average home price is currently $958,298.
In Gloucester, MA, how many homes are available?
There are currently 73 active home listings available in Gloucester.
What’s the average rental cost in Gloucester, MA?
The average rental price in Gloucester is $2,153.
What is the most expensive home in Gloucester?
The most expensive home sold in Gloucester had a price of $13,337,656.
What is currently the cheapest priced home in Gloucester, MA?
The cheapest home for sale in Gloucester is priced at $13,617.
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.
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