01938 — Essex County, Massachusetts Market Snapshot
Housing market data for zip code 01938 in Essex County, Massachusetts. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$1,112,000
Days to Sell
22
Homes Sold
22
Inventory
19
Sale-to-List
103.1%
New Listings
36
Price/SqFt
$449
Pending Sales
29
Jumbo Loan Likely Needed
The median home in 01938 at $1,112,000 exceeds the 2026 conforming loan limit of $962,550 by $149,450. 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 01938 are moving quickly at 22 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 01938 are selling 3.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 01938 at $1,112,000 exceeds the 2026 conforming loan limit of $962,550 by $149,450. 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 01938 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 01938
To purchase the median home at $1,112,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,670.
Monthly Payment
$8,670
Income Required
$371,562
Principal & Interest
$6,852/mo
Down Payment (5%)
$55,600
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 01938.
Estimated Monthly Payment
$7,032
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