01985 — Essex County, Massachusetts Market Snapshot
Housing market data for zip code 01985 in Essex County, Massachusetts. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$1,145,000
Days to Sell
21
Homes Sold
11
Inventory
5
Sale-to-List
98.1%
New Listings
16
Price/SqFt
$382
Pending Sales
13
Jumbo Loan Likely Needed
The median home in 01985 at $1,145,000 exceeds the 2026 conforming loan limit of $962,550 by $182,450. 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 01985 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 are selling very close to asking price in 01985 (98.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 01985 at $1,145,000 exceeds the 2026 conforming loan limit of $962,550 by $182,450. 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 01985 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 01985
To purchase the median home at $1,145,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,923.
Monthly Payment
$8,923
Income Required
$382,398
Principal & Interest
$7,055/mo
Down Payment (5%)
$57,250
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 01985.
Estimated Monthly Payment
$7,236
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 01985. Tell us what you're looking for.