Massachusetts Home Buyer Guide

Haverhill, Massachusetts, about 35 miles northeast of downtown Boston and located in Essex County, has seen home prices rise and real estate inventory fall over the past decade with the rest of Greater Boston. The following are 11 things you should know about the Haverhill real estate market. 

1. Through the first four months of 2022, the median single-family house price rose 15 percent to $496,000 from $430,000 during the same four months last year. 

2. The median price of a single-family home rose in April by 21 percent to $542,500 year over year. In March, single-family prices rose 5 percent from March 2021. Statewide, home prices rose 12 percent in April. The median home price was $325,000 in April 2017. 

3. Single-family inventory dropped by 27 percent statewide in April but was flat in Haverhill, dipping from 24 to 23 houses on the market. There were 176 single-family homes for sale on April 30, 2011. 

4. Inventory dropped, but new listings rose in April, jumping 21 percent to 53 from 44 in April 2021.

5. On average, Haverhill homebuyers paid 109 percent of the original list price in April and 106 percent for single-family homes during the first four months of 2022.

6. Through April, there have been 100 houses sold. More than half sold for between $450,000 and $699.999.

7. The median condo price jumped 22 percent through April to $345,000 compared to $283,000 during the same four months in 2021.

8. Condominium price growth slowed in April. The median condo price increased 5 percent to $336,500 from $320,000 in April. Statewide, the median price of a condominium rose 11 percent.

9. Condo sales dropped 41 percent to 16 in April, but the number of units sold increased 7 percent to 80 from January through April. 

10. Condominium inventory plunged 40 percent to only nine available units in April.

11. On average, Haverhill homebuyers paid 106 percent of the original list price in April and 104 percent for condominiums during the first four months of this year. 

The above data came from the Massachusetts Association of Realtors and MLS Property Information Network, Inc.