The Methuen, Massachusetts, real estate market saw stronger single-family real estate sales and more significant median price growth in 2024 than its neighbor, Haverhill, Massachusetts.
The following is a breakdown of the real estate markets in Haverhill and Methuen, comparing 2024 to 2023, based on data compiled by the Massachusetts Association of Realtors.
Haverhill Single-Family: Sales increased by 5.7 percent from 283 to 299.
Methuen Single-Family: Sales increased by 7.2 percent from 291 to 312.
Haverhill Condominiums: Sales decreased by 9.9 percent from 253 to 228.
Methuen Condominiums: Sales decreased by 7.7 percent from 117 to 108.
Haverhill Single-Family: The median house price rose 6.7 percent to $560,000.
Methuen Single-Family: The median house price rose 9.4 percent to $590,500.
Haverhill Condominiums: The median condo price grew 10.3 percent to $413,500.
Methuen Condominiums: The median condo price was flat, dipping 0.2 percent to $399,000.
Haverhill Single-Family: New listings increased 12.4 percent from 306 to 344.
Methuen Single-Family: New listings increased 3 percent from 329 to 339.
Haverhill Condominiums: New condo listings increased 14.2 percent from 247 to 282.
Methuen Condominiums: New condo listings increased 2.6 percent from 117 to 120.
Haverhill Single-Family: Home buyers paid 103.8, on average, of the original list price in 2024, 1.1 percent more than 102.7 percent in 2023
Methuen Single-Family: Home buyers paid 102.2, on average, of the original list price in 2024, 1 percent less than 103.2 percent in 2023.
Haverhill Condominiums: Home buyers paid 102.2 percent of the original list price on average in 2024, 1 percent less than 103.2 percent in 2023.
Methuen Condominiums: Home buyers paid 101 percent of the original list price on average in 2024, 0.7 percent less than 101.7 percent in 2023.
Haverhill Single-Family: Sales increased 4.8 percent in December 2024 from 21 to 22.
Methuen Single-Family: Sales increased 32.1 percent in December 2024 from 28 to 37.
Haverhill Condominiums: Condo sales rose 12 percent in December 2024 from 25 to 28.
Methuen Condominiums: Condo sales rose 125 percent in December 2024 from 4 to 9.
Haverhill Single-Family: Median house prices rose 7.1 percent to $525,000 compared to December 2023.
Methuen Single-Family: House prices rose 11.8 percent to $570,000 compared to December 2023.
Haverhill Condominiums: The median condo price increased 10 percent to $412,500 compared to December 2023.
Methuen Condominiums: Condos prices increased 21.2 percent to $399,000 compared to December 2023.
Haverhill Single-Family: Home buyers paid 99.8 percent of the original list price on average in 2024, .01 percent more than 99.7 percent in 2023.
Methuen Single-Family: Home buyers paid 100.8 percent of the original list price on average in 2024, .03 percent more than 100.5 percent in 2023.
Haverhill Condominiums: Home buyers paid 99.2 percent of the original list price on average in 2024, 2.6 percent less than 101.9 percent in 2023.
Methuen Condominiums: Home buyers paid 99.9 percent of the original list price on average in 2024, 4.6 percent more than 95.5 percent in 2023.
Haverhill Single-Family: There were 28 single-family homes for sale on December 31, 2024, compared to 12 on December 31, 2023, according to data compiled by MLS Property Information Network, the local multiple listing service.
Methuen Single-Family: There were 12 single-family homes for sale on December 31, 2024, compared to 9 on December 31, 2023.
Haverhill Condominiums: There were 19 condominiums for sale on December 31, 2024, compared to 7 on December 31, 2023.
Methuen Condominiums: There were three condominiums for sale on December 31, 2024, and three on December 31, 2023.
Haverhill Highest-priced Sale: The highest-priced sale in 2024 was a single-family house that sold for $1,394,755. There were three sales of $1 million or more.
Methuen Highest-priced Sale: The highest-priced sale in 2024 was a single-family house that sold for $1,080,000. There were two sales of $1 million or more.
Haverhill Top 10 Percent: Besides the three $1 million-plus properties, there were 20 single-family sales between $800,000 and $899,999 and 11 sales between $900,000 and $999,999.
Methuen Top 10 Percent: Besides the two $1 million-plus properties, there were 16 single-family sales between $800,000 and $899,999 and 11 sales between $900,000 and $999,999.
Haverhill Historical Sales: While single-family sales in December increased nearly 5 percent to 22 year over year, sales were considerably off from a few years ago. Homebuyers purchased 50 houses in December 2021, 127 percent more.
Methuen Historical Sales: Single-family home sales increased 7 percent in 2024 to 312. In 2021, home buyers bought 451 houses, about 45 percent more.