Compare: Gloucester vs Marblehead
Home Values in Gloucester and Marblehead
|Zillow Home Value IndexWhat's this?||$343,000||vs||$529,400|
|Median List Price||$439,000||vs||$674,900|
|Median Sale Price||$332,300||vs||$476,100|
|Total Homes Sold in Oct||64 homes||vs||48 homes|
Gloucester, MA tends to be less expensive for home buyers than Marblehead, MA. During the last year, Gloucester home values have risen by 4.7%, while Marblehead home values have risen by 10.1%. The median sale price in Gloucester is $332,300, but the median listing price was $439,000, a 24.3% discount. Meanwhile in Marblehead, the median selling price is $476,100, and the starting price had a median of $674,900, a 29.5% discount. In October, Gloucester home sellers managed to move 64 houses, while Marblehead saw 48 transactions.
Demographics in Gloucester and Marblehead
|Median Household Income||$47,722||vs||$73,968|
|Homes with Kids||26.8%||vs||31.4%|
|Average Household Size||2.4||vs||2.4|
|Average Commute Time (Minutes)||24||vs||33|
At $73,968, the median income in Marblehead is $26,246 more than in Gloucester, and $29,456 higher than the national average. Gloucester has a younger median age, at 39, compared to 40 in Marblehead, and a shorter average commute. The average commute in Marblehead is 33 minutes and the average commute in Gloucester is 24 minutes.
Homes for Sale in Gloucester and Marblehead
Gloucester vs Marblehead