Ipswich, MA 01938 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. $1,100,000 is the primary indicator of recent market value, with the median sold price showing where transactions are clearing and suggesting that realized prices are above the median listing price; given the market temperature is hot, sellers appear able to achieve premium outcomes in many cases.
2. The gap between $997,000 median listing price and the $1,100,000 median sold price may indicate pricing friction where final sale prices exceed asking expectations, and combined with a characterization of relatively constrained active supply this suggests continued upward pressure on realized prices.
3. Long transaction timelines are evident from the 281 median days on market, which suggests slower sales velocity and potential pricing sensitivity despite a hot market temperature; this may indicate that buyers are selective or that higher interest rate pressure is tempering pace.
4. Macro and rental dynamics show mixed signals: rent is trending down even as median market rent sits at $3,500, while interest rate pressure is described as elevated (current typical 30-year rates ~6.5%), which may constrain buyer purchasing power and keep some sellers negotiating on price despite ongoing price growth (price year-over-year trend: up).

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.