House Prices

Downtown Gloucester, MA House Prices & Home Values 2026


Average Data

average house price$1,050,948
average size per house3020 ft²
average price per ft²367 $ / ft²

04/21/2026 - The value range (VR) for house prices in Downtown Gloucester, MA is $348.65/ sqft to $385.35/ sqft. An average home with 3020 sqft costs approximately $1,107,675 to $1,224,273. Gloucester, MA includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 01930, while the highest are in ZIP 01930. The average price per sqare feet is $367. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Downtown Gloucester

01930536 $ / ft²




Historical development of home values in Downtown Gloucester

Year Estimated value (USD) Change vs. 2025
2010 $488,079 -53.6%
2011 $469,205 -55.4%
2012 $467,942 -55.5%
2013 $485,432 -53.8%
2014 $509,570 -51.5%
2015 $535,723 -49.0%
2016 $563,681 -46.4%
2017 $594,105 -43.5%
2018 $626,950 -40.3%
2019 $656,021 -37.6%
2020 $689,934 -34.4%
2021 $784,726 -25.3%
2022 $914,814 -13.0%
2023 $964,714 -8.2%
2024 $1,020,524 -2.9%
2025 $1,050,948 0.0%

Graph: estimated home values in Downtown Gloucester over time (USD)



Example: 100% financing house in Downtown Gloucester

Loan amount: $1,050,948

Interest rate: 6.31%

Fixed monthly payment: $6,513.31

Breakdown in the 1st month:
Interest portion: $5,527.99  –  Principal portion: $985.32

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $65,987.71 $12,171.96 $1,038,776.04
2 $65,196.79 $12,962.87 $1,025,813.17
3 $64,354.48 $13,805.18 $1,012,007.99
4 $63,457.44 $14,702.22 $997,305.78
5 $62,502.12 $15,657.55 $981,648.23
6 $61,484.71 $16,674.95 $964,973.28
7 $60,401.20 $17,758.46 $947,214.82
8 $59,247.28 $18,912.38 $928,302.45
9 $58,018.39 $20,141.28 $908,161.17
10 $56,709.64 $21,450.02 $886,711.15
11 $55,315.85 $22,843.81 $863,867.33
12 $53,831.49 $24,328.17 $839,539.16
13 $52,250.68 $25,908.98 $813,630.19
14 $50,567.16 $27,592.50 $786,037.68
15 $48,774.24 $29,385.42 $756,652.26
16 $46,864.82 $31,294.84 $725,357.42
17 $44,831.33 $33,328.33 $692,029.09
18 $42,665.71 $35,493.95 $656,535.14
19 $40,359.36 $37,800.30 $618,734.84
20 $37,903.16 $40,256.50 $578,478.34
21 $35,287.35 $42,872.31 $535,606.03
22 $32,501.58 $45,658.08 $489,947.95
23 $29,534.79 $48,624.88 $441,323.07
24 $26,375.22 $51,784.45 $389,538.63
25 $23,010.34 $55,149.32 $334,389.31
26 $19,426.82 $58,732.84 $275,656.47
27 $15,610.46 $62,549.21 $213,107.27
28 $11,546.10 $66,613.56 $146,493.71
29 $7,217.66 $70,942.00 $75,551.71
30 $2,607.96 $75,551.71 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Downtown Gloucester, MA


1500 sqft3900 sqft
Ø selling price$700,743$1,490,671
Ø fast selling$637,039$1,341,604
Ø high price sale$764,447$1,639,738

In 2026, houses in Downtown Gloucester, MA will be offered at an average price of $367 per square foot. A 1,500 sqft home priced at $700,743 is 24.20% more expensive per square foot than a 3,900 sqft home priced at $1,490,671. Home prices in Downtown Gloucester, MA vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,032,003. Sellers who can wait longer may achieve a higher price of up to $1,261,337.


Explore Downtown Gloucester, MA

Overview

Downtown Gloucester, MA is a walkable coastal district centered on Gloucester Harbor, blending historic charm with modern conveniences. Visitors and residents love its small-town feel, vibrant main streets, and easy access to waterfront views.

Harbor and History

Anchored by the working waterfront, Downtown Gloucester tells the story of America's oldest seaport through landmarks, memorials, and classic New England architecture. Highlights include the Fishermen?s Memorial, preserved 18th- and 19th-century streetscapes, and scenic Harborwalk paths that showcase maritime heritage.

Dining and Shopping

Foodies flock to downtown restaurants for fresh-caught seafood, cozy cafes, and craft cocktails with harbor vistas.
Independent boutiques, bookstores, and specialty shops make Gloucester MA downtown a year-round shopping destination.

Arts and Culture

The neighborhood brims with art galleries, murals, and live venues, complemented by the Cape Ann Museum and tributes to painter Fitz Henry Lane.
Seasonal festivals, live music, and cultural events create an energetic calendar that draws visitors from across Cape Ann.

Living and Access

Downtown Gloucester offers a mix of historic homes, lofts, and apartments, with convenient access to beaches, Stage Fort Park, and everyday amenities.
Commuters appreciate proximity to the MBTA Commuter Rail, Route 128, and harbor ferry and charter options, making Downtown Gloucester an ideal base for coastal living.



FAQ – Home Values in Downtown Gloucester

What is the median home value in Downtown Gloucester in 2026?

In 2026, the typical home value in Downtown Gloucester is about $1,050,948 for an average home size of 3020 square feet. This corresponds to an average price of roughly $367 per square foot.

What is the average cost per square foot in Downtown Gloucester?

In 2026, homes in Downtown Gloucester sell for an average of around $367 per square foot, with a typical range between $348.65 and $385.35 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown?

The average home size in Downtown Gloucester is about 3020 square feet, with an estimated 2026 value around $1,050,948.



Neighborhoods close to Downtown Gloucester, MA

Downtown Ipswich Ipswich, MA461 $ / ft²
Lynnfield Center Lynnfield, MA546 $ / ft²
Smiths Point Manchester, MA573 $ / ft²
Conomo Point Essex, MA638 $ / ft²
Danversport Danvers, MA283 $ / ft²
East Boxford Boxford, MA249 $ / ft²
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