Massachusetts Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

September 1st, 2022
Updated September 1st, 2022

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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 (May 2022)

How is the real estate market in Massachusetts?
🏠 Average home value: $587,998
📈 -0.12% home value decrease month over month
💰 Median sale price: $623,600
⏳ 34 days on the market
🔑 Homes on the market: 9,567
📆 3.4 months of housing inventory
🏦 30-year mortgage rate: 5.38000%
💵 Average income: 84385
State of the market: A-
Despite the faster sales, homes are selling a little below their values and inventory in Massachusetts is increasing. These may be indicators that the market in the state is slowly cooling off.
*Data last updated May 2022

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.

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Selling a home in Massachusetts

Massachusetts real estate market forecast for sellers
⏰ Homes are selling 3 days slower than the annual average
💰 Homes are selling for $6,038 more than the annual average
💸 Average listing commission: 2.580%
💸 Average buyer's commission: 2.27%

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: 743 sq ft
🏡 Springfield: 1,422 sq ft
🏡 Worcester: 1,220 sq ft
🏠 Pittsfield: 1,172 sq ft

Investing in Massachusetts real estate

Best of Massachusetts

💡 Did you know…

Boston has about 22 coffee shops per capita to match the taste preferences of all Bostonians. It was even the birthplace of one of the nation's most popular coffee chains, Dunkin' Donuts!

» Thirsty for more info? ☕ Read our full study here: The Best Coffee Cities in America

Each month, we compare locations in Massachusetts based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Massachusetts
1. Middlesex County
2. Norfolk County
3. Essex County
4. Suffolk County
5. Plymouth County

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Worst of Massachusetts

Each month, we compare locations in Massachusetts based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Massachusetts
1. Nantucket County
2. Hampden County
3. Bristol County
4. Dukes County
5. Barnstable County

Massachusetts resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about Massachusetts real estate

Yes, Massachusetts is a good place to invest in real estate, especially in bigger cities like Boston and Worcester. However, if you want to maximize your investment, you will first need to research which neighborhoods to buy in and how to manage the properties. Find out more in our guide to real estate investing.

It might not be the best time to purchase a house in Massachusetts, as listing prices and mortgage rates are higher than normal. If you’re determined to buy, then work with a top real estate agent to help you find a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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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