Essex Village Real Estate Market Continues Downward Trend in Contracts

Over the last 30 days, the Essex Village market had a decrease in home sales with six. Furthermore, the amount of pending transactions continued to decline, with a total of eight contracts during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices are coming down in Essex Village, and for this period the median sales price slid from $319,000 to $292,000. A downturn in contracts, coupled with the availability of 12 months of inventory, prove that Essex Village is a definite buyer's market.

Get started right now by checking out Essex Village homes for sale or reviewing Essex Village real estate trends.

Demographic facts for Essex Village:

  • The average elevation is 59 feet.
  • The area's median income per household is $87,750.
  • The student per counselor ratio in this area is 484:1. (513:1 = national average)

Data reported through 10/12/2016

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Ask a local expert about this area:
Coldwell Banker Residential Brokerage
Snapped 1 home in this area
ERA Broder group
Snapped 1 home in this area

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