01951 — Essex County, Massachusetts Market Snapshot
Housing market data for zip code 01951 in Essex County, Massachusetts. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$972,500
Days to Sell
21
Homes Sold
12
Inventory
11
Sale-to-List
103.4%
New Listings
20
Price/SqFt
$495
Pending Sales
15
Jumbo Loan Likely Needed
The median home in 01951 at $972,500 exceeds the 2026 conforming loan limit of $962,550 by $9,950. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 01951 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 01951 are selling 3.4% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 01951 at $972,500 exceeds the 2026 conforming loan limit of $962,550 by $9,950. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 01951 are set at the county level.
2026 Loan Limits — Essex County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $962,550 | $962,550 |
| 2 Units | $1,232,250 | $1,232,250 |
| 3 Units | $1,489,500 | $1,489,500 |
| 4 Units | $1,851,100 | $1,851,100 |
Affordability Snapshot — Zip 01951
To purchase the median home at $972,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,601.
Monthly Payment
$7,601
Income Required
$325,757
Principal & Interest
$5,992/mo
Down Payment (5%)
$48,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 01951.
Estimated Monthly Payment
$6,169
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