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Our Gloucester, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Gloucester as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Gloucester, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Gloucester MA Community Profile & History
Gloucester, Massachusetts is an exciting and diverse place, rich in maritime history and tradition. The city strives to preserve the living heritage of its fishing industry and the vitality of its working waterfront, balancing its intertwined past and future with assurance and skill. One of the top three fishing ports in the northeast, the beautiful harbor also attracts a sizeable artistic population.
One of the oldest settlements in New England, the community was founded by the "Dorchester Company," an expedition of men sent by King James I from Dorchester, England, in 1623. Predating both Salem (founded in 1626) and Boston (founded in 1630), Gloucester was in fact the first settlement in what would eventually become the Massachusetts Bay Colony. Ill-suited to endure the barren land and roiling seas of the area, the settlers deserted for Naumkeag (now Salem) in 1626. The area was eventually resettled, and the town was formally incorporated in 1642. Residents note emphatically that Gloucester is not a bedroom community, offering work to many of its residents in five industrial parks which produce everything from T-shirts to electronics and engineering. The city is equally proud of the diversity of its population, with first-generation immigrant families living comfortably alongside descendants of the earliest settlers. Nestled amidst the historic fishing villages of Cape Ann in the North Shore region of Massachusetts, the city offers miles of scenic coastline along Ipswich Bay to the north and Massachusetts Bay to the south. The city sits along the northeastern edge of the Greater Boston region, less than an hour's drive from the cultural, political, financial, educational and industrial hub of New England and well within reach of Cape Cod, the rocky shores of Maine, the mountains of New Hampshire and the ivied summer estates of Rhode Island. The city hopes to use its setting and history as a basis for balanced growth and change without losing those characteristics most loved by its residents.
Gloucester Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Gloucester, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Gloucester Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 168 149 $606696 $175000 $402500 $3350000 |
2007 167 146 $530523 $142500 $378000 $4500000 |
2008 167 137 $485366 $68000 $350000 $3025000 |
2009 177 129 $443406 $12500 $330000 $1620000 |
2010 150 164 $457909 $78000 $319000 $2250000 |
Average Selling Price of Single Family Homes in Gloucester
| 2006 |  $606696 | |
| 2007 | $530523 | |
| 2008 | $485366 | |
| 2009 | $443406 | |
| 2010 | $457909 |
Gloucester Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 174 132 $236326 $85000 $196250 $839000 |
2007 244 92 $295983 $105000 $251500 $900000 |
2008 227 68 $317937 $90000 $228250 $1100000 |
2009 250 68 $248641 $40000 $198500 $873092 |
2010 253 82 $197712 $62000 $163250 $510000 |
Average Selling Price of Condominiums in Gloucester
| 2006 | $236326 | |
| 2007 | $295983 | |
| 2008 | $317937 | |
| 2009 | $248641 | |
| 2010 | $197712 |