2024 Newburyport, MA
year in review
Real Estate Market Recap

In 2024, the Newburyport real estate market fought hard to beat 2023 and exhibited slightly more sales and higher prices, reflecting national trends driven by strong demand and limited inventory. Due to historically low mortgage rates, many sellers were timid to list, but necessity and life changes led to increased market activity, with competitive pricing becoming essential. Despite affordability hurdles from higher rates and rising home prices, buyers remained focused. Those looking to make a move must be driven and well-prepared to act quickly when the right property becomes available.

The year started as a seller’s market but gradually shifted toward buyers, with a surge of activity later on and expectations for a 2025 rebound. Even as costs climbed, homeownership remained exciting, offering financial security through stable payments, equity appreciation, and tax benefits. As Anthony mentioned in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Year in Review.