I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Massachusetts
💡 Key Massachusetts housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $627,596[1] | #3 of 50 states | 70.7% higher |
Median Listing Price | $769,500[2] | #2 of 50 states | 74.7% higher |
Median Sale Price | $635,000[3] | #5 of 50 states | 51.5% higher |
30 Year Mortgage Rate | 6.84%[4] | #3 of 50 states | 1.9% lower |
Median Days on Market | 37[5] | #1 of 50 states | 34.2% shorter |
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🗺️ Buying a house in the Massachusetts real estate market
Massachusetts has an affordability score of 7.5, meaning it takes 7.5 years of the median household income ($84,385) to afford Massachusetts' median home sale price ($635,000). Because of this, we rank Massachusetts as the 11th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $635,000[6] | #5 of 50 states | 51.5% higher |
30 Year Mortgage Rate | 6.84%[7] | #3 of 50 states | 1.9% lower |
Median Household Income | $84,385[8] | #3 of 50 states | 30.8% higher |
Affordability Ratio | 7.5 | #40 of 50 states | 17.6% higher |
Buyers Agent Commission | 2.03%[9] | #2 of 50 states | 20% lower |
Resources for Massachusetts home buyers
Preparing to buy in Massachusetts
Massachusetts home buying costs
🗺️ Selling a house in the Massachusetts real estate market
According to our detailed survey of Massachusetts real estate agents, listing agents (those representing the seller) charge an average commission in Massachusetts of 2.44%, which is the 6th lowest in the United States. Buyers' agents charge an average commission of 2.03%, which is the 2nd lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $769,500[10] | #2 of 50 states | 74.7% higher |
Median Sale Price | $635,000[11] | #5 of 50 states | 51.5% higher |
Median Days on Market | 37[12] | #1 of 50 states | 34.2% shorter |
Buyer's Agent Commission | 2.03%[13] | #2 of 50 states | 20% lower |
Listing Agent Commission | 2.44%[14] | #6 of 50 states | 10.4% lower |
Resources for Massachusetts home sellers
Preparing to sell in Massachusetts
- 8 Steps to Selling a House in Massachusetts
- Average Time to Sell a House in Massachusetts
- When Is the Best Time to Sell a House in Massachusetts?
- Top Real Estate Agents in Massachusetts
Massachusetts home selling costs and requirements
Moving to Massachusetts
According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to Massachusetts if money were no object. Likewise, 10% of survey respondents indicated that they would move to Boston among a choice of America's largest cities. Among medium-sized cities, 10% indicated that they would move to Worcester, and 10% indicated that they would move to Springfield.
Here's how Massachusetts cities rank in a number of our research studies.
Study | Best Massachusetts city | Rank |
Best Pizza Cities[16] | Boston | 3rd best |
Best Coffee Cities[17] | Boston | 8th best |
Best LGBTQ Cities[18] | Boston | 17th best |
Best Bike Cities[19] | Boston | 4th best |
Best Commuter Cities[20] | Boston | 38th best |