Ipswich, MA 01938 Real Estate Market Report

ZIP Code: 01938
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Ipswich, MA real estate market is currently characterized by a median sold price of $919,000, reflecting a stable market despite a down trend in prices year-over-year. This suggests a shift towards a more balanced environment, although the market retains some characteristics of a seller's market due to elevated inventory levels. The median days on market stands at 268 days, indicating a slower sales velocity and potential pricing friction as sellers adjust expectations in response to market conditions.

With a median listing price of $1,091,250, there exists a notable gap between asking prices and sold prices, which may indicate a need for sellers to align their expectations with market realities. The rental market remains robust, with a median market rent of $3,207, although it has also experienced a down trend year-over-year. This duality in the market suggests that while home sales may be moderating, rental demand continues to provide a degree of stability.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $919,000 indicates a stable market despite recent price adjustments.

2. Elevated inventory levels suggest a potential down trend in prices as sellers face competition from excess supply relative to sales activity.

3. The median days on market of 268 days reflects slower sales velocity, which may lead to longer holding periods for sellers.

4. A median listing price of $1,091,250 shows a significant gap compared to sold prices, indicating potential pricing friction in the market.

5. The median market rent of $3,207 remains strong, although it has experienced a down trend year-over-year, reflecting fluctuations in rental demand.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.