Ipswich, MA 01938 Real Estate Market Report

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

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Executive Overview

The median sold price in Ipswich, MA is $925,000, reflecting a robust market despite signs of recent price moderation. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the market is experiencing a slowdown in sales velocity, with a median days on market of 243 days, suggesting that while prices are holding, transactions are taking longer to complete. This extended time frame may indicate a shift in buyer sentiment or a recalibration of seller expectations in response to current market dynamics.

Despite the elevated inventory levels, the market remains fundamentally strong, characterized by a hot market temperature and a resilient regional economy supporting rental demand. The median listing price stands at $1,143,250, which is significantly higher than the median sold price, indicating potential pricing friction as sellers adjust to the current market conditions. Overall, while the market shows signs of strength, the increased days on market and the gap between listing and sold prices suggest a cautious approach may be warranted for both buyers and sellers.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Ipswich MA market average around 6.16% compared to the 2026 average of 6.56%, presenting a potential cost advantage for recent borrowers.

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

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Key Findings

1. The median sold price of $925,000 indicates strong market performance despite recent price moderation.

2. A median days on market of 243 days suggests a slowdown in sales velocity, indicating longer transaction times.

3. The median listing price of $1,143,250 reflects potential pricing friction, as it is significantly higher than the sold price.

4. The market temperature is classified as hot, suggesting continued demand despite elevated interest rate pressure.

5. Rental demand remains strong with a median market rent of $3,207, supported by a resilient regional economy.

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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.