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

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. The primary market signal is the median sold price of 880,800, which represents the most reliable indicator of realized value for recent SFR and condo transactions in Ipswich; this level suggests sellers are achieving near-asking outcomes when combined with the local context of a median listing price of 897,500 and a moderate pricing gap.
2. Liquidity appears mixed: the median days on market of 357 points to materially slower sales velocity versus typical market cycles and may indicate increased time-to-contract even as transaction prices remain elevated; this long selling time should prompt sellers to account for extended carrying periods and buyers to anticipate longer negotiation windows. slower sales velocity.
3. Market heat is positive for pricing: the regional price trend is up and the market temperature is hot, which supports continued price resilience and suggests sellers can expect favorable pricing dynamics despite longer days on market; investors should weigh this against financing costs. hot.
4. Financial and rental context is mixed-risk: interest rate pressure is elevated while median market rent is 2,395, and the median price per square foot is 329; elevated rates increase carrying costs and tighten buyer qualification, so buyers and investors should model higher financing costs while noting rents are trending up. elevated interest rate pressure.

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.