Rabbit Rabbit – It’s February

January Market Updates – Gloucester

Market Overview

While we may wish for the real estate market to burst into the new year, the reality is often more of a slow crawl. Here is a snapshot of how the market performed in January.

Single-Family Sales

Category20252024
New Listings85
Pending Sales125
Sold48
Inventory (1/31)811
Median List Price$1,092,500$3,400,000
Median Pending Price$677,000$999,000
Median Sold Price$609,500$528,075

Condominium Sales

Category20252024
New Listings80
Pending Sales63
Sold57
Inventory (1/31)79
Median List Price$547,000N/A
Median Pending Price$1,218,500$379,000
Median Sold Price$665,000$569,000

Bits and Pieces

  • 15 Linwood Place, Lanesville
    • Listed and sold by Chris Viegaard of Churchill Properties.
    • Originally listed at $899,000.
    • Price reduced by $100,000 after 13 days.
    • Final sale price: $715,000.
    • Assessed value: $489,900.
    • Annisquam Waterfront Properties Withdrawn from Market
  • 4 Lane Road        
    • A picturesque home at the head of Lobster Cove, featuring a rolling lawn, gardens, architectural charm, a barn red guest house, and a boat barn.
    • Listed by Scott Smith of CBRB
    • Originally listed at $3,475,000; currently listed at $2,250,000.
    • Assessed value: $2,267,500.
    • Last sale: 11/13/1998 for $795,000.
  • 672 Washington Street
    • A direct riverfront property with a dock, offering stunning sunset views over Wingaersheek Beach.
    • Listed By Joshua Mulvey of Mulvey Real Estate
    • Formerly the Hodgkins Mill, now a spacious home with 5+ bedrooms, perfect for large gatherings.
    • Priced at $2,280,000.
    • Last sold on 11/17/2014 for $1,152,000.

#Gloucesterhomes   #CapeAnnhomes    #Annisquam   #Lanesville