Danvers, MA Real Estate

When attempting to buy or rent a new home, it pays to have access to timely and accurate information. If you’re in the market for real estate in Danvers, MA, you’ll find what you need faster and more easily by connecting with Boston City Properties. On this page, you can complete a simple form to sign up for free, immediate, unlimited access to our continually updated database of MA real estate listings. With a few clicks of the mouse button and strokes of the keyboard, you’ll have a list of properties that closely meet your requirements.

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In addition to being updated around the clock and populated with data from reputable MLS sources, our database includes a powerful search tool that makes short work of finding houses, apartments, condos and townhouses for sale and for rent in cities and towns across the state. If you want to buy or rent in Danvers, just select it from the list of locations. If you want to look in additional areas, note that you can select more than one location. Filters allow you to get the most relevant results. Later, our team can also put you in touch with local real estate experts who can assist you further.

Located approximately 17 miles north of Boston, the Essex County town of Danvers had a population of around 26,500 at the time of the 2010 U.S. Census. Situated on the northeast coast of the state, the town is traversed by the Danvers River, which also runs near many of the local neighborhoods. Covered by the 01923 zip code, this town is bordered by several towns and cities, including Peabody, Topsfield and Beverly. As you will discover while searching our listings, this town is large enough to support a fairly active real estate market.

In addition to assessing real estate prices to see if you will be able to find something in Danvers that suits your budget, it’s wise to consider the overall cost of living of an area before buying or renting there. In the United States, the average cost of living on the cost of living index is represented by a score of 100. In Massachusetts, the average cost of living is higher than nationally at 137.7. Interesting enough, Danvers is closely in line with the average cost of living across the state with a score of 136.5.

Based on what we now know about the cost of living in this town, you shouldn’t face exceptionally expensive goods and services. However, what about the real estate? Across the state, the median list price for residential real estate is $419,000, and the median sale price is $356,000. In Danvers, those prices are $460,000 and $410,000 respectively. Homes here cost a bit more than average but not drastically so. The median price per square foot in this town, $249, is only a bit higher than that of MA, which is $242. As is the case in any community, many homes here cost more than average and many cost less than average.

The Danvers, MA, real estate market has been thriving of late. Sellers have had it quite good for some time now, so you might face some bidding wars depending on what you are looking for. Don’t be deterred by the fact that it’s not much of a buyer’s market right now. Things change quickly, and homes here appear to retain their value fairly well. Only around 4.6 percent of residential properties have reported negative equity, which is a very positive sign. Boston City Properties can connect you with a real estate expert in this town who can help you find great deals.

Another good indication of the overall health of any real estate market is how long homes tend to sit on the market. Lately in Danvers, there has been an average of around 30 homes for sale at any given time. These homes have been sitting on the market for an average of 65 days, which is a bit long compared with other parts of the state. For buyers, though, this is a promising sign that things may be easing up a bit. Now could very well be the time to find what you need for less.

With a waning seller’s market that may be turning into a buyer’s market, it may be the perfect time to find homes for sale in Danvers. However, you don’t want to buy a place only to see its value stall or even plummet. With that in mind, it helps to consider the overall market growth in the local area. Year over year, home values in this town have been increasing by around 3.3 percent, which is quite good. By availing yourself of Boston City Properties’ search tool, you can zero in on properties that will get you the best bang for your buck.

Perhaps you would like to live in Danvers but are open to the possibility of another local community if the prices there suit your needs better. Happily, neighboring communities offer a nice range in terms of price, so you shouldn’t have anything to worry about. Over in Lynnfield, for example, the median sale price is around $595,000; in nearby Lynn, on the other hand, the median sale price is closer to $276,000—a relative bargain when compared with what you’ll pay right in Danvers itself.

All told, there are approximately 10,400 residential properties in the town of Danvers. Of that number, roughly 56 percent are single-family homes; around 5 percent are townhouses; and around 38 percent are apartments. Roughly 5 percent of properties are currently vacant. Of those that are occupied, around 67 percent are owned and around 33 percent are rented. Therefore, you will probably have an easier time finding a home to buy as opposed to an apartment to rent. Even if you need to rent something even less widely available, like a condo, Boston City Properties can help. We’ll refer you to a local real estate agent whose insider knowledge is sure to make a major difference.

You can expect to face different prices depending on the type of property that you are looking for in Danvers, MA. As is the case across the vast majority of communities in the state, single-family homes here tend to cost more than attached properties, like townhouses and condos. To give you an idea of the disparity, consider this: In 2015, the median sale price for single-family homes in this town was $482,000 while the median sale price for townhouses was $348,000. You can check current availability for everything from townhouses to condos to detached homes with our search tool.

Contrary to what you might expect, Boston City Properties’ real estate database is not limited to properties for sale. It also includes up-to-the-second info about apartment availability in communities across the state. If you want to rent a place in Danvers, note that the median monthly rent here, $1,750, is quite a bit lower than that of the state at large. Across MA, monthly rent averages around $2,500, so you stand to save some money by renting here. When you’re ready, we can also connect you with a local real estate pro whose knowledge of the rental market is sure to be indispensable.

No matter what kind of property you are looking for in Danvers—or whether you will be buying or renting a place-- Boston City Properties is here to help. Here’s some info about what to expect regarding certain property types in this town:

Single-family homes – With roughly 56 percent of properties in this town classified as detached single-family homes, you should be able to take your pick from a decent assortment of options if that’s what you need. On average, homes like these offer around 1,650 square feet of space, which suggests that the homes here are probably older. When you use Boston City Properties’ search tool, you can adjust filters for things like total square footage to limit your results to properties that fall within your exact criteria.
Townhouses and condos – Approximately 5 percent of Danvers residential real estate falls into this category. That may not sound like a lot, but it’s a bit more than is average in towns and cities of this size, so you should actually have a good assortment to consider. That’s the case if you will be buying; if you want to rent, it may be trickier. Let our team connect you with a local real estate pro who can point you in the right direction. After all, why should you settle for anything short of exactly what you need?
Apartments – Around 38 percent of properties in this town are classified as apartments. Among these, of course, there is a wide variety of options in terms of size, layout, price and other attributes. You will find apartments in newer developments as well as apartments in older buildings. Some are even found in converted homes and townhouses. Checking current availability for apartments for rent in Danvers is a snap with Boston City Properties, as you can search our listings for what you need in a matter of minutes. With help from a local agent who knows the market, you’ll be signing a lease on a terrific new place before you know it.

How Boston City Properties Can Help

It is normal to feel overwhelmed when buying or renting residential real estate anywhere in the state of Massachusetts, as the market tends to be pretty competitive in most areas of the state. Danvers is no exception, and it helps enormously to have reliable access to dependable, accurate information. Don’t sell yourself short; sign up right this instant for free, immediate access to Boston City Properties’ listings. Without question, it’s the best first step that you can take in the journey of finding a great home to buy or rent.

After signing up by submitting the simple form, you will be all set. Click over to the search tool to see what’s available. Select Danvers from the list of towns, cities and Boston neighborhoods. If you’d like, you may select more than one location to search across a larger area. From there, adjust filters for things like price range and total beds and baths to refine your results even more. Read through the listings to pinpoint homes, condos, townhouses or apartments that pique your interest. In no time, you will have a manageable list of options to explore.

When it comes to finding real estate in Danvers, MA, you can’t go wrong by trusting the experts at Boston City Properties. We’re here to help whenever you need it, so if you have any questions about any listings that you find, don’t hesitate to give us a call. When you are ready to head out and look at properties in person, contact us. We will refer you to a local real estate agent in the town who can take things from there. They’ll take you to look at properties, assist with negotiations and assist you through closing. For more information, please contact Boston City Properties.

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