Massachusetts Real Estate Trends - A New Way to Look at Massachusetts Realty
The robust Massachusetts real estate market caters to investors, home buyers and renters alike with its wide variety of price points and property types. Urbanites need look no further than Boston homes for sale to find the downtown living and city nightlife that they crave.
Buyers seeking a suburban or rural lifestyle will be pleased to know that the Massachusetts real estate market encompasses both unique and traditional housing choices. Massachusetts is still considered a traditional “buyer’s market” as the average condo is generally on the market for 200 days and single family homes 175 days before sale.
Though Boston real estate market’s prices may appear high in comparison to the rest of the country, but the inventory turnover in the city is better than the rest of the state is significantly prefers stand alone houses to condominiums or townhouses. The average condo sells for $534,000 and is on the market for 117 days while single family homes cost $664,000 and generally find a buyer in 119 days. The city’s charm combined with the wealth of inventory makes the Boston real estate market an excellent choice for all kinds of local and out-of-state shoppers. Here’s a look at current prices in the city.
Average listing price for properties in Boston:Massachusetts Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Eastham, MA Real Estate | 14.69% | |
| Newton, MA Real Estate | 12.64% | |
| Westfield, MA Real Estate | 11.94% | |
| Pittsfield, MA Real Estate | 9.97% | |
| Yarmouth, MA Real Estate | 8.68% |
Massachusetts Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Barnstable, MA Real Estate | 9.34% | |
| Great Barrington, MA Real Estate | 8.48% | |
| Middleboro, MA Real Estate | 5.96% | |
| Dennis, MA Real Estate | 2.61% | |
| East Falmouth, MA Real Estate | 2.34% |
Most Expensive Massachusetts Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Wellesley, MA Homes for Sale | $2,381,930 | 5.52% | |
| Newton, MA Homes for Sale | $1,828,057 | 12.64% | |
| Chatham, MA Homes for Sale | $1,361,270 | 2.51% | |
| Boston, MA Homes for Sale | $1,178,861 | 7.55% | |
| Hingham, MA Homes for Sale | $1,100,436 | 0.26% |
Least Expensive Massachusetts Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Springfield, MA Homes for Sale | $141,926 | 3.58% | |
| New Bedford, MA Homes for Sale | $203,189 | 1.41% | |
| Fitchburg, MA Homes for Sale | $218,080 | 8.10% | |
| Fall River, MA Homes for Sale | $224,014 | 0.50% | |
| Brockton, MA Homes for Sale | $235,396 | 3.21% |
Top 5 Massachusetts Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Westford, MA Local Info | 50.00% | 0.03 |
| Acton, MA Local Info | 49.00% | 0.03 |
| Franklin, MA Local Info | 47.00% | 0.20 |
| Lawrence, MA Local Info | 45.00% | 1.51 |
| Wilmington, MA Local Info | 44.00% | 0.42 |
Top 5 Massachusetts Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Amherst Center, MA Local Info | 89.00% | 48% / 52% |
| Boston, MA Local Info | 77.00% | 52% / 48% |
| Cambridge, MA Local Info | 75.00% | 50% / 50% |
| Somerville, MA Local Info | 73.00% | 52% / 48% |
| Chelsea, MA Local Info | 71.00% | 53% / 47% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.