Massachusetts Home Buyer Guide

Through the first three quarters of 2014, the median price of a single-family home in Cambridge, Massachusetts increased 34.4 percent to $1,250,359 compared to $930,500 during the same nine-month period in 2013, according to data from the Massachusetts Association of Realtors.  

Whether they were looking for condominiums or single-family houses, home buyers shopping for a home in Arlington, Massachusetts have seen real estate prices increase throughout the year. Both single-family home and condominium prices have risen by double digits. 

The median price of a condominium in Somerville, Massachusetts increased in September to $455,000, a 7.7 percent increase compared to the $422,500 median price in September 2013, according to the Massachusetts Association of Realtors. 

Through the first nine months of the year, Somerville, MA condo prices increased 17.3 percent. The median condo price through September was $488,000. During the same period last year, the median condominium price was $416,000. In September, home buyers paid 102.2 percent of the original list price for condos, and they paid 103.1 percent of the original list price through the first nine months of 2014. Bidding wars and offers for more than list price for condominiums have been the norm recently in Somerville.

The number of single-family homes on the market in September 2014 in Lexington, Massachusetts increased 3.8 percent to 83 from 80 in September 2013, and new listings increased 15 percent, according the Massachusetts Association of Realtors.

The months of supply in September increased to 2.8 months, an 11 percent increase from 2.5 months in September 2013; however, 2.8 months of inventory is still quite low. New listings increased to 46 from 40 in September 2013. 

Through the first half of 2014, single-family home sales and median home prices increased in Lynnfield, Massachusetts, according to data compiled by the Massachusetts Association of Realtors.

There were 64 single-family homes sold from January to June, an increase of 18.5 percent compared to the 54 closed sales during the same period in 2013. Single-family home sales in Lynnfield, MA spiked in June 160 percent. There were 26 homes sold in June, an increase from 10 in June 2013. Pending sales were up 9.5 percent in June to 23, a slight increase from 21 pending sales in June 2013. 

Sharon, Massachusetts, named in 2013 by Money Magazine as the best place to live in America, is a suburban community located southwest of Boston, with a population of approximately 17,000 people. 

Situated along Interstate 95, Providence, Rhode Island is about 26 miles to the south and Boston is about 17 miles to the north of Sharon. The MBTA commuter rail's Providence/Stoughton line stops in Sharon, providing easy access to Boston's South Station by train. There are not any subway or bus lines in the community. In addition, Massachusetts Route 27 runs through the town. 

The median price of a single-family home in Franklin, Massachusetts rose in June and has risen through the first half of the year, according to data compiled by the Massachusetts Association of Realtors. 

The median price of a house increased to $430,260 in June, an increase of 22.9 percent compared to $350,000 in June 2013. Through the first six months of the year, the median price increased 13.7 percent to $424,500. The median price during the same period in 2013 was $373,500. On average, home buyers paid 98.2 percent of the original list price through the first half of the year.

After a cold winter the weather turned warm in June, but the Haverhill, Massachusetts real estate market was very hot. 

The median price of a single-family house in Haverhill, MA jumped 15.9 percent in June 2014 to $296,750 compared to $256,000 in June 2013, according to data compiled by the Massachusetts Association of Realtors. Through the first half of 2014, the median price for a single-family home increased 3 percent to $265,000 compared to $257,250 during the first six months of 2013. 

Home buyers were out in full force in June. Single-family home sales in June spiked 16.7 percent compared to June 2013. There were 42 single-family sales in June compared to 36 sales in June 2013. From January through June there were 166 closed sales, down just two sales from 168 single-family home sales during the same period in 2013. 

The median price of a single-family home in Stoneham, Massachusetts increased 7.3 percent during the first six months of the year compared to the same period in 2013, according to data compiled by the Massachusetts Association of Realtors.

The median price of a Stoneham, MA single-family house stood at $406,500 through June, an increase from $379,000 through the first six months of 2013. The median price in June was $423,500, up 12.6 percent from $376,000 in June 2013. 

Single-family home sales in Winchester, Massachusetts dipped during the first half of 2014 while the median price of a single-family home increased, according to data compiled by the Massachusetts Association of Realtors. 

The median price of a single-family home in Winchester, MA increased 6.7 percent through June compared to the first six months of 2013. The median price stood at $910,500, up from $853,000. Prices also increased 6.7 percent in June to $905,000 compared to $848,000 in June 2013. In June, single-family properties sold for 99.8 percent of the original list price. 

Located in Norfolk County, Walpole, Massachusetts is an intimate town with a mix of suburban and rural areas. It is conveniently situated approximately 18 miles southwest of Boston and 25 miles northeast of Providence, Rhode Island.

First settled in 1659, Walpole was originally a part of Dedham, Massachusetts until it was officially incorporated in 1724. It was named after Sir Robert Walpole, who was generally regarded as the first prime minister of Great Britain. Its growth began after the Revolutionary War and skyrocketed after the Industrial Revolution. Today, Walpole is home to approximately 24,000 residents, according to the 2010 U.S. Census.

The median price of a single-family home in Hingham, Massachusetts was $652,000 in May, an increase from $595,250 in May 2013, according to data compiled from the Massachusetts Association of Realtors.