Massachusetts Home Values & Market Trends

There have been 78,086 properties sold in the Massachusetts real estate market trends. Median home values in the Massachusetts housing market are $584,017.09. The median residential home value for transactions over the last 12 months is 503,796.319. The State of Massachusetts currently has 1,605 properties in foreclosure, 167 bank owned properties, and 590 headed for auction.

Massachusetts Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Barnstable

$ 749,000

$ 448/sqft

Bristol

$ 463,561

$ 276/sqft

Middlesex

$ 730,206

$ 371/sqft

Suffolk

$ 751,291

$ 608/sqft

Worcester

$ 398,010

$ 254/sqft

Hampden

$ 284,697

$ 220/sqft

Norfolk

$ 669,138

$ 388/sqft

Hampshire

$ 324,900

$ 245/sqft

Berkshire

$ 345,000

$ 207/sqft

Franklin

$ 405,738

$ 224/sqft

Essex

$ 625,000

$ 352/sqft

Dukes

$ 1,586,593

$ 1,004/sqft

Plymouth

$ 564,589

$ 341/sqft

Nantucket

$ 4,564,087

$ 2,571/sqft

Housing Market Summary for Massachusetts

Feb 2023January 2024Change
Median Listing Price$516.1K$547.5K6.08%
Median Sold Price$508.1K$547.5K7.76%
Homes For Sale3,0012,697-10.13%
Homes Sold35,96637,0443.00%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Massachusetts

There are currently 2,757 properties for sale in Massachusetts. The current home value ranges in price from 2,000 to 30,000,000. The total count of properties in the state is 2,002,574, and the percentage of properties for sale is 2757.00%.

Foreclosure
There are 14 counties within Massachusetts; within these counties, the median estimated home value for homes in foreclosure ranges from $3,190,418 in Franklin to the lowest value of $74,900 in Franklin. Foreclosure homes account for 0.00% of properties in Massachusetts with Worcester containing 257 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in Massachusetts with Worcester containing 129 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 14 counties within Massachusetts; of those counties, the estimated home value for pre-foreclosure homes ranges from $1,128,870 in Dukes to the lowest home value of $90,857 in Hampden.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Massachusetts ranges from the highest value of $540,750 in Suffolk to the lowest value of $74,900 in Franklin. Bank owned homes and properties account for 0.01% of properties in Massachusetts. There are 14 counties within Massachusetts; Worcester containing 34 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Worcester has 94 auction properties, the highest number of properties going to auction in a single county in the state of Massachusetts. Auction homes and other auction properties account for 0.03% of all properties in Massachusetts. There are 14 counties within Massachusetts; of those counties, the median estimated home value for homes going to auction ranges from $1,109,042 in Dukes to the lowest value of $124,350 in Dukes.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.14% of residential properties in Massachusetts with Barnstable containing 537 homes for sale, the highest number of listed properties in a single county. There are 14 counties within Massachusetts; homes for sale in those counties, have a range of median values from $8,110,954 in Nantucket to the lowest value of $77,000 in Berkshire.
    Sold Homes
    The median value for recently sold homes ranges from $10,955,167 in Dukes to the lowest price of $20,088 in Dukes. There are 14 counties within Massachusetts. Middlesex has 7320 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 1.75% of properties in Massachusetts.

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      Guide for Massachusetts

      Beautiful house in the country
      Foreclosure
      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
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      Bank Owned
      Pros and Cons of Investing in REO Properties
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      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
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      The Washington DC real estate market from 2023-2024 underwent alternating trends with volatility in average property values and prices per square foot. Yet, an ascending movement in average sold prices and average sold prices per square foot emerged, along with a steady rise in the sales count, indicating a thriving market scenario.

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