Why Live in Essex
Essex retains its historic coastal charm, originating as a shipbuilding community and remaining true to its roots. The neighborhood is known for its seafood, with iconic spots like Woodman's of Essex, famous for inventing the fried clam. Antique shops also draw visitors, though residents travel 15 minutes to Gloucester for groceries. The Essex Historical Society and Shipbuilding Museum enriches the community with events and social clubs, while annual celebrations like Essex River Day and Clamfest highlight local traditions. Outdoor activities are abundant, with cross-country skiing in winter and boating in warmer months, supported by marinas like Pike Marine. The Manchester Essex Regional School District, formed in the early 2000s, includes highly rated Essex Elementary School, Manchester Essex Regional Middle School, and Manchester Essex Regional High School, attracting families to the area. Homes near the town center are smaller and older, featuring colonial styles from as early as 1830, while larger lots and estuary estates are found further out. Prospective buyers should be aware of the higher flood risk in areas closer to the water, necessitating flood insurance for homes in Special Flood Hazard Areas. Essex's quieter lifestyle is partly due to its distance from the Commuter Rail, resulting in longer commutes to Boston, approximately 30 miles away. Nearby cities like Gloucester and Beverly, 7 and 10 miles away respectively, offer major hospitals and larger stores.
Frequently Asked Questions
What is the average home price in Essex, MA?
Homes for sale in Essex, MA have an average home price of $1,191,316.
How many homes have sold over the last 12 months in Essex, MA?
24 homes have sold in Essex, MA over the last 12 months.
What are the most popular zip codes in Essex, MA?
How much do you need to make to afford a house in Essex?
The median home price in Essex is $899,000. If you put a 20% down payment of $179,800 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $4,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $198K a year to afford the median home price in Essex.
How are the schools in Essex, MA?
Home Trends in Essex, MA
On average, homes in Essex, MA sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in Essex, MA over the last 12 months is $1,174,500, up 49% from the median home sale price over the previous 12 months.
Median Sale Price
$1,174,500
Median Single Family Sale Price
$930,000
Median Townhouse Sale Price
$1,828,000
Median 2 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$524
Number of Homes for Sale
7
Last 12 months Home Sales
24
Median List Price
$899,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
49%