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Featured local agent — Gloucester, MA
Sarah Mitchell
Compass Real Estate · Gloucester, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gloucester, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$828,500median sale price
How is the Gloucester, MA housing market right now?
The median home sale price in Gloucester, MA is $828,500, up 20.5% year-over-year. Homes sell in an average of 22 days with 69 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gloucester a buyer's or seller's market?
Gloucester, MA is currently a balanced market, based on 4.3 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
22
Average pace
Active listings
69
4.3 months supply
Sale-to-list
98.9%
Below asking
What does the Gloucester housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $828,500 |
| Median list price | $699,000 |
| Year-over-year price change | +20.5% |
| Average days on market | 22 days |
| Active inventory | 69 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $351/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 40 |
| Listings with a price cut | 23.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gloucester by property type?
How the Gloucester, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $675,000 | $404/sq ft | 9 | 28 days |
| Condo / Co-op | $398,000 | $337/sq ft | 1 | 60 days |
Source: Redfin · Updated monthly
The Gloucester housing market is currently classified as a balanced market with a median sale price of $828,500. Prices have risen 20.5% compared to last year, with homes spending an average of 22 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.0x provides context for how home values compare to local earning capacity.
Homes for sale in Gloucester
There are currently 69 homes listed for sale in Gloucester, Massachusetts. The median listing price is $699K.
Active listings
69
Homes on market
Median list price
$699K
Avg. days on market
22
Days until sale
New this week
40
Newly listed
Who lives in Gloucester?
Population
29,862
Median income
$87,898/yr
Median age
51 years
Owner-occupied
63.3%
College grads
38.8%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Gloucester?
Zillow home value
$791,623
Zillow rent index
$2,574/mo
Price-to-rent ratio
25.6x
Price-to-income
9.0x
Source: Zillow Research
What is it like to live in Gloucester?
Gloucester is a community of approximately 30K residents with a median age of 51 years.The median household income is $87,898, which reflects a relatively affluent area with strong earning potential. 38.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.3%, showing a blend of owner and renter-occupied properties. The average commute time is 26 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gloucester offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gloucester?
6 schools tracked · 2,412 students
The largest public schools serving Gloucester, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gloucester High
Grades 9-12 · 807 students
Ralph B O'Maley Middle
Grades 6-8 · 626 students
West Parish
Grades K-5 · 370 students
Beeman Memorial
Grades K-5 · 287 students
Plum Cove School
Grades K-5 · 208 students
Gloucester PreSchool
Grades PK · 114 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gloucester, MA?
Want a head-to-head view? Compare Gloucester side-by-side with any other U.S. city using our market-comparison tool.
Is Gloucester a good real estate investment market?
For investors evaluating Gloucester, the price-to-rent ratio of 25.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 20.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gloucester's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gloucester's median home price.
Frequently asked questions
What is the average home price in Gloucester?
The median home sale price in Gloucester is $828,500, up 20.5% from last year.
How long do homes stay on market in Gloucester?
Homes typically spend 22 days on market before going under contract.
What is the median income in Gloucester?
The median household income is $87,898 per year.
Is Gloucester a buyer's or seller's market?
With 4.3 months of supply, Gloucester is currently a balanced market.
What is the Zillow home value estimate for Gloucester?
The Zillow Home Value Index (ZHVI) for Gloucester is $791,623, representing the typical home value in the area.
What is the median condo price in Gloucester?
The median condo/co-op sale price in Gloucester, MA is $398,000, compared to $675,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gloucester?
The median single-family home price in Gloucester, MA is $675,000 (about $404 per square foot).
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