Essex County continues to have far more single-family homes for sale than a year ago, and homes are taking longer to sell, while median sale prices are holding slightly higher. This week our office has a new multifamily listing in Salem, a Salem three-family under agreement, and a closed sale in Lynn.
Essex County housing update
| 2025 | 2026 | Change | |
|---|---|---|---|
| Active listings | 568 | 844 | +48.6% |
| Months of supply | 1.56 | 2.37 | +0.81 |
| Median list price, actives | $877,000 | $842,000 | −4.0% |
| New listings, year to date | 4,974 | 5,141 | +3.4% |
| Price-reduced listings, year to date | 1,219 | 1,401 | +14.9% |
| Went pending, year to date | 4,169 | 4,057 | −2.7% |
| Closed sales, year to date | 3,658 | 3,540 | −3.2% |
| Median sale price | $759,250 | $770,000 | +1.4% |
| Median sale-to-list | 101.18% | 100.72% | −0.46 pts |
| Median days on market, actives | 36 | 49 | +13 days |
The takeaway: buyers have more choice and more time this year, and well-priced homes are still selling near list price.
MLS PIN year-over-year area market review, Essex County single-family homes, as of November 5, 2026. Medians only.
Mortgage rates
| This week | Last week | Year ago | |
|---|---|---|---|
| 30-year fixed | 7.18% | 7.24% | 6.22% |
| 15-year fixed | 6.57% | 6.60% | 5.50% |
Source: Freddie Mac PMMS, week of November 5, 2026
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