House Prices

The Terrace Ipswich, MA House Prices & Home Values 2026


Average Data

average house price$595,796
average size per house1861 ft²
average price per ft²312 $ / ft²

04/21/2026 - The value range (VR) for house prices in The Terrace Ipswich, MA is $296.4/ sqft to $327.6/ sqft. An average home with 1861 sqft costs approximately $537,259 to $593,813. Ipswich, MA includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 01938, while the highest are in ZIP 01938. The average price per sqare feet is $312. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes The Terrace Ipswich

01938454 $ / ft²




Historical development of home values in The Terrace Ipswich

Year Estimated value (USD) Change vs. 2025
2010 $276,698 -53.6%
2011 $265,998 -55.4%
2012 $265,282 -55.5%
2013 $275,198 -53.8%
2014 $288,882 -51.5%
2015 $303,708 -49.0%
2016 $319,558 -46.4%
2017 $336,806 -43.5%
2018 $355,426 -40.3%
2019 $371,907 -37.6%
2020 $391,133 -34.4%
2021 $444,871 -25.3%
2022 $518,620 -13.0%
2023 $546,909 -8.2%
2024 $578,548 -2.9%
2025 $595,796 0.0%

Graph: estimated home values in The Terrace Ipswich over time (USD)



Example: 100% financing house in The Terrace Ipswich

Loan amount: $595,796

Interest rate: 5.84%

Fixed monthly payment: $3,512.56

Breakdown in the 1st month:
Interest portion: $2,901.53  –  Principal portion: $611.04

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,618.70 $7,532.06 $588,263.94
2 $34,166.54 $7,984.22 $580,279.73
3 $33,687.24 $8,463.52 $571,816.21
4 $33,179.16 $8,971.59 $562,844.62
5 $32,640.59 $9,510.16 $553,334.46
6 $32,069.69 $10,081.07 $543,253.39
7 $31,464.51 $10,686.24 $532,567.14
8 $30,823.00 $11,327.75 $521,239.39
9 $30,142.99 $12,007.77 $509,231.62
10 $29,422.15 $12,728.61 $496,503.02
11 $28,658.04 $13,492.72 $483,010.30
12 $27,848.06 $14,302.70 $468,707.60
13 $26,989.45 $15,161.30 $453,546.30
14 $26,079.30 $16,071.45 $437,474.85
15 $25,114.52 $17,036.24 $420,438.61
16 $24,091.82 $18,058.94 $402,379.67
17 $23,007.72 $19,143.04 $383,236.64
18 $21,858.54 $20,292.21 $362,944.43
19 $20,640.38 $21,510.37 $341,434.05
20 $19,349.09 $22,801.66 $318,632.39
21 $17,980.29 $24,170.47 $294,461.92
22 $16,529.31 $25,621.45 $268,840.48
23 $14,991.23 $27,159.53 $241,680.95
24 $13,360.81 $28,789.94 $212,891.01
25 $11,632.52 $30,518.23 $182,372.78
26 $9,800.48 $32,350.27 $150,022.50
27 $7,858.46 $34,292.29 $115,730.21
28 $5,799.86 $36,350.89 $79,379.32
29 $3,617.68 $38,533.07 $40,846.25
30 $1,304.50 $40,846.25 $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 The Terrace Ipswich, MA


1500 sqft3900 sqft
Ø selling price$551,557$1,173,312
Ø fast selling$501,416$1,055,981
Ø high price sale$601,699$1,290,643

In 2026, houses in The Terrace Ipswich, MA will be offered at an average price of $312 per square foot. A 1,500 sqft home priced at $551,557 is 22.40% more expensive per square foot than a 3,900 sqft home priced at $1,173,312. Home prices in The Terrace Ipswich, 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 $812,293. Sellers who can wait longer may achieve a higher price of up to $992,803.


Living in The Terrace, Ipswich, MA

Overview

The Terrace in Ipswich, MA is a quiet residential pocket near the town?s historic center, offering classic New England charm and everyday convenience.
This neighborhood pairs small-town warmth with easy access to coastal recreation and commuter connections.

Lifestyle and Location

Residents of The Terrace Ipswich MA enjoy convenient access to downtown shops, cafes, local services, and the MBTA commuter rail to Boston.
Outdoor lovers appreciate proximity to the Ipswich River, scenic conservation areas, and iconic Crane Beach just a short drive away. Tree-lined streets and low-speed local roads make daily life feel calm and connected.

Homes and Architecture

Homes in The Terrace reflect a mix of classic Capes and Colonials alongside thoughtfully updated properties that balance character with modern comfort.
Modest yards, welcoming porches, and mature shade trees contribute to the area?s picture-perfect curb appeal.

Community and Amenities

Community spirit thrives through seasonal events, nearby farmers markets, and access to town libraries, playing fields, and arts programs.
Strong local schools, abundant trails, and a vibrant dining scene add to the draw for buyers exploring Ipswich real estate. Whether you?re researching homes for sale in The Terrace or planning a move to the North Shore, this neighborhood delivers an inviting blend of lifestyle, location, and value.



FAQ – Home Values in The Terrace Ipswich

What is the median home value in The Terrace Ipswich in 2026?

In 2026, the typical home value in The Terrace Ipswich is about $595,796 for an average home size of 1861 square feet. This corresponds to an average price of roughly $312 per square foot.

What is the average cost per square foot in The Terrace Ipswich?

In 2026, homes in The Terrace Ipswich sell for an average of around $312 per square foot, with a typical range between $296.4 and $327.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in The Terrace?

The average home size in The Terrace Ipswich is about 1861 square feet, with an estimated 2026 value around $595,796.



Neighborhoods close to The Terrace Ipswich, MA

Lynnfield Center Lynnfield, MA546 $ / ft²
Smiths Point Manchester, MA573 $ / ft²
Old Town Marblehead, MA444 $ / ft²
Annisquam Gloucester, MA526 $ / ft²
Conomo Point Essex, MA638 $ / ft²
Danversport Danvers, MA283 $ / ft²
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