The Massachusetts Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Massachusetts

💡 Key Massachusetts housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $627,596[1]#3 of 50 states70.7% higher
Median Listing Price $769,500[2]#2 of 50 states74.7% higher
Median Sale Price $635,000[3]#5 of 50 states51.5% higher
30 Year Mortgage Rate 6.84%[4]#3 of 50 states1.9% lower
Median Days on Market 37[5]#1 of 50 states34.2% 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 PointValueRankCompared to National Avg
Median Sale Price $635,000[6]#5 of 50 states51.5% higher
30 Year Mortgage Rate 6.84%[7]#3 of 50 states1.9% lower
Median Household Income $84,385[8]#3 of 50 states30.8% higher
Affordability Ratio 7.5#40 of 50 states17.6% higher
Buyers Agent Commission 2.03%[9]#2 of 50 states20% lower
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Resources for Massachusetts home buyers

🗺️ 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 PointValueRankCompared to National Avg
Median Listing Price $769,500[10]#2 of 50 states74.7% higher
Median Sale Price $635,000[11]#5 of 50 states51.5% higher
Median Days on Market 37[12]#1 of 50 states34.2% shorter
Buyer's Agent Commission 2.03%[13]#2 of 50 states20% lower
Listing Agent Commission 2.44%[14]#6 of 50 states10.4% lower
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Resources for Massachusetts home sellers

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.

StudyBest Massachusetts cityRank
Best Pizza Cities[16]Boston3rd best
Best Coffee Cities[17]Boston8th best
Best LGBTQ Cities[18]Boston17th best
Best Bike Cities[19]Boston4th best
Best Commuter Cities[20]Boston38th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated September 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[3] Redfin – "Redfin Data Center". Updated September 2024.
[4] Bankrate – "Bankrate". Updated November 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[6] Redfin – "Redfin Data Center". Updated September 2024.
[7] Bankrate – "Bankrate". Updated November 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[11] Redfin – "Redfin Data Center". Updated September 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated October 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated November 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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