Is Rockport, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rockport has remained a Neutral Market.
Key Takeaway
Rockport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rockport, MA
How much do homes in Rockport, MA cost?
Median Sold Price
$804,000
$484/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockport have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Rockport was $804,000 in May 2024, up 13.7% from last year, and the median price per square foot was $484.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $435K | +13.0% |
| 2 Bedrooms | $550K | $584.5K | +6.3% |
| 3 Bedrooms | $725K | $835K | +15.2% |
| 4 Bedrooms | $1.4M | $993.7K | -29.0% |
| 5+ Bedrooms | $1.4M | $1.0M | -23.7% |
Summary: Rockport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Rockport | $707K | $804K | +13.7% |
| Gloucester | $620K | $632.5K | +2.0% |
Housing Supply in Rockport, MA
How many homes are available in Rockport, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 34 | +41.7% |
Summary: The Rockport real estate market had 34 homes for sale in May 2024, a 41.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rockport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockport, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rockport in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Rockport, MA
How long does it take to sell a home in Rockport, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 19 Days | -69.5% |
Summary: Homes in Rockport had an average of 19 days on market in May 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Rockport; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
