Short Sale Listings in Marblehead, MA

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View this home at Auburndale Rd Marblehead MA 01945
Preforeclosure NEW
$1,339,098 EMV

3 Bed | 2.5 Bath | 2,536 Sq. Ft.

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Home Value Estimator For Marblehead, MA

There are currently 7,754 real estate properties in Marblehead, MA, with a median automated valuation model (AVM) price of $914,060.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marblehead, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Marblehead, MA, is $1,134,665.00, with the most expensive house in Marblehead, MA, topping out at $9,580,994.00 and the cheapest home in Marblehead, MA, clocking in at $26,583.00. In other words, there’s something for every potential homebuyer or savvy investor in Marblehead, MA!

Rent Prices In Marblehead, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marblehead, MA, is on a rollercoaster ride. The average rent price in Marblehead, MA, is $2,740.00. Indeed, when looking to rent in Marblehead, MA, you can expect to pay as little as $1,300.00 or as much as $4,260.00, with the average rent median estimated to be $2,770.00. The good news is that finding an affordable and desirable property to rent in Marblehead, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Marblehead, MA In 2024

Marblehead is located in Essex, Massachusetts, with an estimated municipal population of 20,500 residents. All of the best foreclosed homes for sale in Marblehead are located in the following zip code areas on 01945. The estimated population per square kilometer (.62 miles) in Marblehead is 1,807.

Cost Of Living In Marblehead, MA

So, about how much do homes cost in Marblehead? The most recent median value of resident-owned homes in Marblehead is 676,237. An estimated 77.8 percent of households in Marblehead own their homes, with an average family size of 2.96. The median household income in Marblehead is 123,333, with56.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Marblehead, the median commute time of resident workers (in minutes) is 38.5. And last, but certainly not least, are you looking for homes to rent in Marblehead? If so, the average rent price paid by renters in Marblehead is 1,578, according to recent statistics.

Diversity And Demographics In Marblehead, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Marblehead, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Marblehead is 47.9, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Marblehead is 60.6, with an average family size of 2.96.

The percentage of residents who report their race in Marblehead is as follows:

White 95.6%
Black / African American 1.6%
Asian 1.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.9%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Marblehead? Or maybe you are searching for 55+ active adult communities in and/or near Marblehead?

The percentage of residents who report their age in Marblehead is as follows:

Under 10 10.1%
Aged 10-19 15.3%
20s 5.1%
30s 7.1%
40s 16%
50s 17.1%
60s 14.5%
70s 9.8%
80+ 5.3%

Best Schools In Marblehead, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Marblehead with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Marblehead.

Pros And Cons Of Living In Marblehead, Massachusetts

How do you know that living in -- or moving to -- Marblehead is right where you need to be? Perhaps you grew up in Marblehead or already live nearby; therefore, the decision to buy a home in Marblehead is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Marblehead for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Marblehead:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Marblehead.

Reasons To Move To Marblehead, Massachusetts, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Marblehead can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Marblehead, meanwhile, can field multiple offers from more qualified buyers.

Marblehead, MA Short Sale Listings


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