Massachusetts Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Massachusetts real estate trends

Real estate trends in Massachusetts | Sellers | Buyers | Investors | The best and worst of Massachusetts | Massachusetts resources

Massachusetts real estate trends (October 2021)

How is the real estate market in Massachusetts?
🏠 Average home value: $525,744
📈 1.94% home value increase month over month
💰 Median sale price: $561,000
⏳ 41 days on the market
🔑 Homes on the market: 9,856
📆 2.8 months of housing inventory
🏦 30-year mortgage rate: 3.15%
💵 Average income: 84805
State of the market: A-
Home values are very high in Massachusetts — and listing prices are even higher. While there are more homes for sale than in other hot markets, homes are selling very quickly. Sellers who price their properties realistic should find a buyer in no time.
*Data last updated October 2021

From the rolling Berkshires in the west to Boston's fresh ocean breezes, Massachusetts offers plenty of opportunities to experience New England's unique landscape and culture.

Technically a commonwealth, the Bay State is known around the world for its high concentration of universities and outstanding seafood.

Though it gets an average of 47 inches of snow per year, Massachusetts has a surprisingly mild climate, with weather that rarely dips below freezing or above 91 degrees.

If you're thinking of buying or selling in Massachusetts, these Massachusetts housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Massachusetts

Massachusetts real estate market forecast for sellers
⏰ Homes are selling 8 days faster than the annual average
💰 Homes are selling for $9,533 less than the annual average
💸 Average listing commission: 2.67%
💸 Average buyer's commission: 2.30%

How to sell a home in Massachusetts

Cost to sell a home in Massachusetts

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Buying a home in Massachusetts

How much home you can buy with $300,000 in...
🏠 Boston: 767 sq ft
🏡 Springfield: 1,516 sq ft
🏡 Worcester: 1,315 sq ft
🏠 Pittsfield: 1,265 sq ft

Investing in Massachusetts real estate

Best of Massachusetts

Each month, we compare cities in Massachusetts based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Massachusetts
1. Springfield
2. Worcester
3. Pittsfield

Ready to buy a home in Massachusetts? Eligible buyers get cash back with Clever!

Worst of Massachusetts

Each month, we compare cities in Massachusetts based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Massachusetts
1. Athol
2. Barnstable Town
3. Boston-Cambridge-Newton

Massachusetts resources

👋 Next Steps: Talk to an expert!

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Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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