Houses for Sale Gloucester – Prices, Listings and Market Trends
The Gloucester housing market refers to Gloucester, Massachusetts, a coastal city known for its historic harbor and maritime community. Average home values currently sit around $760,558, representing a 2.4% increase over the past year through March 2026, according to Zillow data. Median sale prices vary across platforms, ranging from $645,000 to $695,000 depending on the reporting source and timeframe.
Prospective buyers will find a mix of property types available, from affordable one-bedroom condominiums around $250,000 to luxury waterfront estates exceeding $2 million. The market moves relatively quickly, with homes typically selling in 22 to 39 days. This guide examines current listings, pricing trends, and neighborhood characteristics to help inform purchasing decisions.
What is the Average House Price in Gloucester?
Average house prices in Gloucester, MA vary considerably depending on which metric and data source is used. According to Zillow, the average home value stands at $760,558, reflecting a 2.4% year-over-year increase as of March 2026. Homes.com reports a higher average listing price of $993,364, while median sale prices remain more stable at approximately $695,000 over the past twelve months.
Discrepancies between sources reflect different methodologies. Some platforms track sale prices while others monitor listing prices or estimated values. Redfin reports $645,000 as the median sale price as of February 2026, representing a 12.5% decline year-over-year.
Price Breakdown by Property Size
Prices vary substantially based on the number of bedrooms. Trulia data provides averages by size category: one-bedroom properties average $402,373, two-bedroom homes reach $598,268, three-bedroom houses climb to $767,264, and four-bedroom properties command $1,010,134 on average.
- One-bedroom average: $402,373
- Two-bedroom average: $598,268
- Three-bedroom average: $767,264
- Four-bedroom average: $1,010,134
Median Home Values Over Time
| Month | Median Home Value |
|---|---|
| March 2025 | $725,000 |
| April 2025 | $728,000 |
| May 2025 | $731,000 |
| June 2025 | $733,000 |
| July 2025 | $734,000 |
| August 2025 | $733,000 |
| September 2025 | $733,000 |
| October 2025 | $734,000 |
| November 2025 | $735,000 |
| December 2025 | $737,000 |
| January 2026 | $738,000 |
| February 2026 | $740,000 |
Price Per Square Foot
The median price per square foot for sales dropped to $408 as of February 2026, representing a 20% year-over-year decline according to Redfin. Homes.com reports a higher average of $507 per square foot. These figures indicate that while total prices have remained relatively stable, individual properties are selling at lower per-unit rates compared to the previous year.
How Many Houses Are for Sale in Gloucester and What Types?
Active inventory in Gloucester ranges from 42 to 75 homes depending on the platform consulted. Realtor.com lists 46 homes for sale, while Zillow reports 42 active listings with 17 new additions. Trulia and other aggregators may show higher totals due to slightly different tracking methodologies.
As of early 2026, approximately 42 to 46 homes are actively listed for sale across major real estate platforms. Thirteen homes sold in February 2026, up from 12 the previous year.
Property Types Available
Single-family homes dominate the market, with median prices ranging from $749,000 to $807,000. Condominiums and townhouses present more varied pricing, with median values reported between $714,000 and $1.08 million depending on the source. Multi-bedroom homes become increasingly prevalent in higher price ranges.
- Single-family homes: $749k-$807k median
- Condos/townhouses: $714k-$1.08M median
- Luxury waterfront properties: $2M-$4.75M
Sample Listings by Price Range
Current listings demonstrate the range of available properties. Budget-conscious buyers might find one-bedroom condominiums around $250,000, while two-bedroom homes appear in the $435,000 range. Three-bedroom properties typically list near $475,000, with four-bedroom houses starting around $599,000 to $650,000. Luxury oceanfront estates on Eastern Point Boulevard can exceed $4.75 million.
Affordability Considerations
For a median-priced home around $697,000, buyers typically need approximately $145,000 in annual income to comfortably afford a 20% down payment at current interest rates. Monthly principal and interest payments would amount to roughly $3,380 at a 6.11% rate, according to Homes.com calculations.
What Are the Best Areas to Buy a House in Gloucester?
Detailed neighborhood breakdowns for Gloucester, MA remain limited in available data. However, waterfront and ocean-view properties consistently command premium prices. The Eastern Point Boulevard area features some of the highest-value listings, with luxury homes exceeding $4.75 million. Rocky Neck Avenue offers more moderate pricing around $659,000 for comparable waterfront access.
Waterfront and Ocean-View Areas
Properties with ocean views or waterfront access represent the most desirable locations in Gloucester. These areas attract buyers seeking the coastal lifestyle the city is known for, with corresponding price premiums. Rocky Neck, a peninsula community within Gloucester, offers art galleries, restaurants, and maritime attractions alongside residential properties.
Nearby Market Comparisons
Comparing Gloucester to neighboring communities provides context for buyers considering the area. Saugus shows a median price of $679,000, while Salem averages $585,000 according to Redfin data. These figures suggest Gloucester occupies a higher price tier than nearby communities, likely reflecting its coastal positioning and maritime character.
Comprehensive neighborhood-level market data remains unavailable. Buyers seeking detailed area information should consult local real estate agents or conduct on-the-ground research to identify specific neighborhoods matching their preferences and budget.
What is the Property Market Like in Gloucester?
The Gloucester property market presents mixed signals for buyers and sellers. Homes sell relatively quickly compared to national averages, with typical time on market ranging from 22 to 39 days. February 2026 data from Redfin shows 22 days on market, significantly faster than the 49 days recorded during the same period the previous year.
Market Competitiveness
The market demonstrates notable competitiveness despite some price softening. Homes sell faster than the national average of 55 days, according to Homes.com data. This quick turnover suggests sustained demand, though price reductions have occurred in certain segments. The average price per square foot has declined 4% to 20% year-over-year depending on the source consulted.
Price Direction Indicators
Current data shows conflicting price trends. Sale prices have declined 1% to 12.5% year-over-year, while overall home values have increased 2.4% to 2.5%. This divergence likely reflects differences between reported sale transactions and automated valuation model estimates. The price per square foot metrics suggest downward pressure on individual property valuations.
- Median sale price down 12.5% YoY (Feb 2026)
- Average home value up 2.4% YoY (March 2026)
- Price per sq ft down 4-20% YoY
- Days on market: 22-39 days average
Market Forecast Uncertainty
One-year price forecasts for Gloucester show “–” indicating unavailable or inconclusive projection data, according to Zillow. No reliable 2024-2025 forecast information exists in available sources. Buyers should anticipate ongoing market fluidity and monitor current listings for the most accurate picture of prevailing conditions.
How Do I Find and Buy Houses for Sale in Gloucester?
Finding houses for sale in Gloucester involves using major real estate listing platforms. Zillow, Redfin, Realtor.com, and Homes.com all feature current listings for the area. Given price variations between sources, comparing multiple platforms provides the most comprehensive view of available properties and pricing.
Recommended Listing Platforms
Buyers can access current listings through several established platforms. Zillow offers home value estimates alongside active listings. Redfin provides detailed market statistics including days on market and price changes. Realtor.com aggregates listings from multiple brokers with filtering capabilities. Homes.com presents comparable market data alongside available properties.
- Verify current listings on Redfin’s Gloucester market page
- Check Zillow for home values and listings
- Browse Realtor.com’s Gloucester listings
Working with Estate Agents
Several established real estate firms operate in Gloucester. Keller Williams Realty Evolution, Colonial Manor Realty, RE/MAX Beacon, LandVest, and Vadala Real Estate represent active brokerages in the area. For luxury properties, Engel & Völkers and Gibson Sotheby’s International Realty handle high-end listings ranging from approximately $820,000 to over $2 million. Coldwell Banker, Real Broker, and North Shore’s Gold Coast Realty also serve the local market. For the latest housing market trends in Gloucester, you can check out $The Fragrance Shop discount code.
Buyer Recommendations
Prospective buyers should obtain mortgage pre-approval before beginning their home search, particularly given current interest rates around 6.11%. Visiting the area to explore different neighborhoods provides valuable context that online research cannot replicate. Those seeking extended stays while house-hunting might consider nearby accommodations like the Hotels Near Tottenham Stadium or Marine Hotel North Berwick as reference points for quality lodging options in comparable markets.
Given the limited inventory, buyers should set up automated alerts on listing platforms to receive notifications when new properties match their criteria.
Timeline: Gloucester Home Values Over the Past Year
Tracking the progression of median home values reveals gradual appreciation throughout 2025 and early 2026. Starting at $725,000 in March 2025, values climbed consistently through the summer months before stabilizing between August and September. The final quarter of 2025 saw renewed modest growth, reaching $740,000 by February 2026.
- March 2025: $725,000 median value
- April 2025: $728,000 (+$3,000)
- May 2025: $731,000 (+$3,000)
- June 2025: $733,000 (+$2,000)
- July 2025: $734,000 (+$1,000)
- August 2025: $733,000 (-$1,000)
- September 2025: $733,000 (stable)
- October 2025: $734,000 (+$1,000)
- November 2025: $735,000 (+$1,000)
- December 2025: $737,000 (+$2,000)
- January 2026: $738,000 (+$1,000)
- February 2026: $740,000 (+$2,000)
This timeline illustrates a general upward trajectory with minor corrections, suggesting relative market stability despite broader economic uncertainty affecting other regions.
What Is Known Versus Unclear About Gloucester’s Market
Confirmed data points include the current inventory range (42-46 homes), average days on market (22-39 days), availability of various property types from condos to luxury estates, waterfront areas commanding premium prices, and mixed year-over-year price trends depending on measurement approach.
Detailed neighborhood-level breakdowns are unavailable. One-year price forecasts show no reliable projections. Comparative data between specific city neighborhoods lacks current sourcing. The full impact of interest rate changes on buyer demand remains difficult to quantify precisely.
Understanding Gloucester’s Housing Context
Gloucester, Massachusetts sits approximately 40 miles northeast of Boston, positioning it as a semi-rural alternative to the greater Boston metropolitan area. The city maintains a strong maritime heritage, with commercial fishing and tourism contributing significantly to the local economy. This coastal character influences both property values and buyer preferences, with waterfront access consistently adding premium value.
The seasonal nature of the local economy affects housing demand patterns. Summer months bring increased activity from visitors and seasonal residents, potentially influencing inventory levels and pricing during peak real estate periods. The city’s compact size and walkable downtown area appeal to buyers seeking small-town character without sacrificing access to urban amenities.
Sources and Additional Information
Market data referenced in this guide comes from multiple real estate platforms and aggregators. Redfin provides transaction-based sales data with median sale prices. Zillow offers automated valuation estimates and inventory counts. Homes.com compiles comparable market statistics including affordability calculations. Trulia presents size-based price breakdowns. Realtor.com aggregates active listing counts. Engel & Völkers contributes data on luxury market segments.
Buyers should verify current listings directly on platforms like Zillow, Redfin, and Realtor.com, as inventory and pricing change frequently. Local real estate agents can provide more detailed neighborhood insights and access to listings not yet publicly marketed.
Summary
The Gloucester, Massachusetts housing market offers diverse property options ranging from affordable condominiums around $250,000 to waterfront estates exceeding $4 million. Current market conditions show relatively quick sales times of 22-39 days despite mixed price indicators. Single-family homes typically sell between $749,000 and $807,000, while condos range from $714,000 to over $1 million. Waterfront and ocean-view locations command premium prices, with the Eastern Point Boulevard area representing the upper market tier. Prospective buyers should monitor multiple listing platforms to identify suitable properties and consider working with established local agents familiar with the area’s distinctive character.
Frequently Asked Questions
Is Gloucester a good place to buy property?
Gloucester offers a coastal lifestyle with maritime heritage approximately 40 miles from Boston. The market shows steady demand with relatively quick sales times. Buyers seeking waterfront access or a semi-rural alternative to Boston may find Gloucester suitable, though prices reflect the area’s desirability.
What are house prices forecast to do in Gloucester?
Reliable one-year price forecasts for Gloucester are currently unavailable from major data sources. The market shows mixed signals with sale prices declining but overall values increasing, making short-term predictions unreliable.
What are the best estate agents in Gloucester?
Several established firms operate in Gloucester including Keller Williams Realty Evolution, RE/MAX Beacon, LandVest, Engel & Völkers, Gibson Sotheby’s, and Coldwell Banker. Luxury properties often involve Engel & Völkers or Sotheby’s representation.
How many houses are currently for sale in Gloucester?
Approximately 42 to 46 homes are actively listed for sale across major platforms, according to Zillow and Realtor.com data from early 2026.
Are there cheap houses for sale in Gloucester?
Options under $300,000 remain limited, with one-bedroom condominiums around $250,000 representing the lower end. True four-bedroom homes start around $599,000. Budget-conscious buyers may need to consider smaller properties or neighboring communities.
How quickly do homes sell in Gloucester?
Homes typically sell within 22 to 39 days, significantly faster than the national average of 55 days. February 2026 data shows 22 days on market, down from 49 days the prior year.
What types of houses are available in Gloucester?
Available properties include single-family homes (median $749k-$807k), condominiums and townhouses ($714k-$1.08M), and luxury waterfront estates ($2M+). Multi-bedroom homes dominate higher price ranges.
What neighborhoods in Gloucester have waterfront properties?
Eastern Point Boulevard features luxury waterfront estates exceeding $4.75 million. Rocky Neck offers more moderate waterfront pricing around $659,000. Detailed neighborhood breakdowns remain limited in available data sources.
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