MID-YEAR 2024 BEVERLY, MA
Real Estate Market Recap

  • Beverly, MA home sales decreased by 2.6% as there were 151 sales in the first half of 2024 compared to 155 in the first half of 2023. Average price increased by 8.2% going from $678,266 in the first half of 2023 to $733,899 in the first half of 2024. These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic to the right.
  • The number of homes listed in the first half of 2024 compared to the first half of 2023 increased by 15.2%, moving from 178 to 205.
  • The number of pending sales increased by 6.6% with 178 in the first half of 2024 compared to 167 in the first half of 2023.
Learn More About the Beverly, MA Community
2024 midyear Beverly, MA snapshot

2024 Beverly, MA Housing Market Outlook

Typically, the beginning of the year favors sellers due to limited inventory and robust buyer demand. This combination often sparks bidding wars, pushing sale prices upward. As the year progresses, more buyers find homes or renew leases, while a growing number of homeowners list their properties, especially those undergoing life changes. Consequently, the latter half of the year tends to lean towards buyers with increased supply and decreased demand. To attract motivated buyers, sellers might need to adjust asking prices. With mortgage rates holding steady in the high 6% – low 7% range and escalating property values, buyers must stay vigilant and prepared to seize opportunities, particularly if interest rates unexpectedly decline.

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Mid-Year Report.

Data provided by Warren Group & MLSPin and compared to the prior year.

Additional Resources