Ipswich, MA Homes for Sale & Real Estate Listings

In December 2024, Ipswich's housing market experienced a remarkable surge, with home prices rising 79.7% year-over-year, reaching a median sale price of $683K. This sharp increase reflects a highly competitive market, driven by strong buyer demand and limited housing inventory. Despite this dramatic price growth, the median sale price per square foot dipped slightly by 1.1% to $280, suggesting that while overall home values are climbing, buyers may still be finding value in larger properties. The rapid appreciation highlights Ipswich’s growing appeal, possibly fueled by its coastal charm, strong community amenities, and proximity to Boston, making it an increasingly desirable location for homebuyers and investors alike.

Ipswich’s real estate market is highly competitive, with homes selling in an average of 18 days—a clear sign of strong buyer demand. Most properties receive multiple offers, often with waived contingencies, indicating that buyers are willing to act quickly and aggressively to secure a home. On average, homes sell for about 2% above the listing price and go pending within 18 days, while highly sought-after “hot” homes can fetch up to 5% above list price and go under contract in as little as 12 days. This fast-paced market suggests that buyers must be well-prepared, with financing in place and a competitive offer strategy, while sellers can expect favorable conditions and potentially multiple bids on their properties.

As of December 2024, Ipswich, MA, is firmly a seller’s market, meaning buyer demand exceeds available inventory. With limited homes on the market and high competition among buyers, properties are selling quickly, often with multiple offers and above-asking-price sales. This environment gives sellers a strong advantage, allowing them to negotiate favorable terms, such as waived contingencies and quick closings. For buyers, this means acting fast, coming prepared with strong offers, and being flexible in negotiations. The combination of rising home values and intense demand makes Ipswich an attractive market for homeowners looking to sell at a premium.