Massachusetts Real Estate Market in 2022: Forecasts + Trends

By Clever Real Estate Updated September 1, 2023

Massachusetts real estate trends

Massachusetts real estate trends (May 2022)

How is the real estate market in Massachusetts?
🏠 Average home value: $590,457	📈 0.92% home value increase month over month
💰 Median sale price: $524,100	⏳ 35 days on the market
🔑 Homes on the market: 5,238	📆 2.9 months of housing inventory
🏦 30-year mortgage rate: 6.84000%	💵 Average income: #N/A
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.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get 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 9 days slower than the annual average	💰 Homes are selling for $53,142 more than the annual average
💸 Average listing commission: 2.58%	💸 Average buyer's commission: 2.27%

How to sell a home in Massachusetts

Cost to sell a home in Massachusetts

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just 1.5%. On average, Clever sellers save $7,000 on commission!

Our agent matching service is 100% free with zero obligation.

Buying a home in Massachusetts

How much home you can buy with $300,000 in...
🏠 Boston: 698 sq ft	🏡 Springfield: 1,408 sq ft
🏡 Worcester: 1,136 sq ft	🏠 Pittsfield: 1,195 sq ft

Investing in Massachusetts real estate

Best of Massachusetts

💡 Did you know…

The Clever Data Center ranked Boston, Massachusetts among the top 10 best coffee cities in the country?

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

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

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!

If you're weighing your options for buying or selling a house, Clever can help!

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.

Ready to get started?

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

Remember, this service is 100% free and there’s never any obligation.

Frequently asked questions about Massachusetts real estate

Is it a buyer's or seller's market in Massachusetts?

It is currently a seller’s market in Massachusetts. Demand is high in the state, driving sales prices up. However, take note that each city and town is different, which is why it’s best to work with a top real estate agent that understands the actual market trends in your area.

Is Massachusetts a good state to invest in 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.

Is it a good time to buy a house in Massachusetts?

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.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.