The market remains strong in Essex County, Massachusetts. During the second quarter of 2019, the volume of 2-family home sales increased while average prices remained steady. The average price of 3-family homes increased from ~$491k to $532k, roughly an 8% change from the previous quarter. These properties also sold much more quickly with only 18 days to offer.
Larger multi-families saw a decline in price. The average price of 4-unit properties declined from $599k to $525k. 5-unit properties dropped from $828k to $715k, although this is likely attributed to the increased inventory (38 sold compared to just 11 in the previous quarter).
Click the download button to access the full report with detailed information on specific areas and yearly trends.
