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New Construction Homes in Gloucester, MA

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    $1,650,000 Lot/Land

    5 Elm Ave, Gloucester, MA 01930

    • 0.74 Acre
    • $2,229,730 per Acre

    Outstanding land opportunity on coveted Eastern Point. This prime parcel is beautifully positioned on Elm Avenue and has views of Gloucester Harbor, Dog Bar Breakwater and the distant Boston skyline. There is an appoved 5-bedroom septic system in hand, with water and electricity at the street. A short stroll will take you to multiple beaches, private clubs and conservation land with endless

    Scott Smith Coldwell Banker Realty - Manchester

    5 Elm Ave, Gloucester, MA 01930
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    $1,499,000 Lot/Land

    368 Essex Ave, Gloucester, MA 01930

    • 3.7 Acres
    • $405,135 per Acre

    Investors, developers, and homesteading enthusiasts — take note! Rare opportunity to acquire a 3.7-acre parcel in highly desirable West Gloucester. Includes a spacious three-family home on 2.44 acres plus an additional 1.26-acre lot, sold together. The existing property offers immediate income potential with three units — ideal for multi-generational living or rental income. Beyond investment

    Antonia Tullercash Churchill Properties

    368 Essex Ave, Gloucester, MA 01930

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Gloucester, MA usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Gloucester, MA hold their value?
Yes, especially in fast-growing areas of Gloucester, MA. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Gloucester, MA

Housing Trends

Median Sale Price
$680,000
Median Single Family Sale Price
$735,000
Median Townhouse Sale Price
$776,500
Median 2 Bedroom Sale Price
$550,000
Median 1 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$505
Number of Homes for Sale
19
Last 12 months Home Sales
190
Months of Supply
1.20
Median List Price
$695,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%
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