Ipswich, MA 01938 Real Estate Market Report

ZIP Code: 01938
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 primary market value indicator, median sold price, is $887,400, which reflects recent transaction-level value for SFR and condo properties and—when compared to the median listing price of $1,022,500—suggests a meaningful gap between asking and achieved prices that may require sellers to recalibrate expectations. moderate pricing friction

2. Market velocity shows slower transaction cadence: the median days on market is 298, which suggests slower sales velocity for many listings even though the broader market temperature is reported as hot; sellers should expect extended marketing periods for homes that require updates or are priced at premium levels.

3. Unit-level pricing context: the median price per square foot is $333, and the median market rent is $3,000; however, rent year-over-year trend is down, signaling weaker rental growth that may affect investment return assumptions for buy-to-rent strategies.

4. Macro pressure and price trend: price year-over-year trend is up but interest rate pressure is elevated—this combination implies transactions remain supported by rising prices yet are increasingly sensitive to financing costs, so prioritizing clear pricing, strong presentation, and buyer financing flexibility is actionable for accelerating sales. elevated interest rate pressure

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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.

Ipswich, MA 01938 Real Estate Market Report

ZIP Code: 01938
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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. median sold price: 672,000 anchors market value and indicates realized transaction pricing in Ipswich through the analyzed sample; given the market temperature is hot, this suggests sellers continue to secure premium pricing despite some moderating signals.

2. median days on market: 317 is unusually long and points to slower sales velocity and greater pricing friction than typical for a hot market; this may indicate that while final prices stay elevated, transactions are taking longer to close and buyers are more selective.

3. median price per square foot: 399 underscores strong per-unit pricing power for SFR and condominiums in the area and, when combined with elevated interest rate pressure, suggests affordability constraints that could extend time-to-contract for marginal buyers; interest rate pressure is elevated.

4. median market rent: 2,300 is paired with a rent year-over-year trend that is down, indicating weakening rental income momentum even as sales prices remain elevated; investors and owners should account for softer rental demand when modeling near-term cash flow.

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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.