Gloucester, MA Foreclosures
Current Market Conditions in in Gloucester, MA As of March 2026?
Over the last month, Gloucester's real estate market has shown a slight increase in activity. An uptick in home sales compared to the previous month indicates a recovering market as we move into the fall season. Listings are moving quickly, especially for homes with waterfront views, while prices seem to hold steady or slightly increase as demand continues to grow.
How much do homes sell for in Gloucester, MA?
The average home price is currently $983,334.
In Gloucester, MA, how many homes are available?
There are currently 3 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 $32,210,788.
What is currently the cheapest priced home in Gloucester, MA?
The cheapest home for sale in Gloucester is priced at $10,064.
Living in Gloucester, MA
Gloucester, MA is a charming coastal city known for its rich fishing heritage and stunning scenery. With a vibrant arts community, delicious seafood dining options, and beautiful beaches, it offers a perfect blend of relaxation and recreation. Residents enjoy a strong sense of community amidst various local events and activities.
Buyer vs Seller Market in Gloucester, MA
The Gloucester real estate market remains competitive, characterized by limited inventory and increasing demand for single-family homes along the waterfront. Buyers are drawn to the area's unique charm, proximity to Boston, and quality of life, driving sales prices upward in recent months.
Currently, properties in Gloucester are seeing a trend of rising home values, with many homes selling above their listed prices. The appeal of the coastal lifestyle, coupled with the city's beautiful landscapes and community amenities, continues to attract new buyers.
Home Value Estimator For Gloucester, MA
There are currently 12,183 real estate properties
in Gloucester, MA,
with a median automated valuation model (AVM) price
of $725,707.00. 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 $983,334.00, with the most expensive house
in Gloucester, MA, topping out
at $32,210,788.00 and the cheapest home
in Gloucester, MA,
clocking in at $10,064.00. 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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