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Beverly is located in the northeastern part of the state of Massachusetts and a city in Essex County. It sits on an inlet of the Atlantic Ocean called Beverly Harbor which is situated in the northern part of the city of Salem. The area was first settled and was named after the English town Beverly, and was then incorporated as a township after. It was developed to become a shipping center, and it was claimed by the first of the United States Navy, the schooner Hannah, which was commissioned in 1775 at the Glover’s Wharf in Beverly by General George Washington. The town was one of New England’s first successful cotton-weaving mills that were built and eventually shifted to shoe-manufacturing and had become one of the United States’ largest. At present, the city’s economy is mixed wherein it also now includes the electronic industry as well as summer tourism which has become important.

Home Prices

AVERAGE
880,705 +8%
MEDIAN
639,050 +22%

Relative Price (per sqft.)

PRICE
322 +9%

Listings

ACTIVE
39 -29%
NEW
52 0%

Market Duration

DAYS
23 -20%
Population 40,664 (2.00%)
House Size (sqft.) 2,203 (19.96%)