Massachusetts Home Buyer Guide

Despite the number of Massachusetts home buyers scrambling to purchase a home before interest rates increase further, the state's lack of real estate inventory, combined with price increases, has finally slowed down the pace of single-family home sales. 

Massachusetts single-family home sales declined 2 percent in November, the first time year-over-year homes sales decreased since April 2013, The Warren Group, publisher of Banker & Tradesman, reported December 30, 2013.

In October 2013, the median price of a single-family home in Hingham, Massachusetts increased by 7.12 percent compared to October 2012, according to data tracked by The Warren Group, publisher of Banker & Tradesman.

The median price for a single-family home in Hingham, MA in October 2013 increased to $707,500 from $660,500 in October 2012. Bucking the statewide trend, the median price of a single-family home during the first ten months of 2013 decreased .08 percent compared to the same period in 2012. Through October 2013, the median price was $645,500 compared to $645,000 for a single-family home during the same ten-month period in 2012.

In October 2013, the median price of a single-family home in Wrentham, Massachusetts skyrocketed by 89.58 percent compared to October 2012, according to data tracked by The Warren Group, publisher of Banker & Tradesman.

The median price for a single-family home in Wrentham in October 2013 increased to $455,000 from $240,000 in October 2012. Through October 2013, the median price jumped 34.30 percent compared to the same period in 2012. During the first ten months of 2013, the median price stood at $406,250 compared to $302,500 for a single-family home during the same ten-month period in 2012. 

The price of a single-family home in Wakefield, Massachusetts, as well as home sales, have increased through October 2013, according to data provided by The Warren Group, publisher of Banker & Tradesman.

From January to October 2013, the median sale price of a single-family home in Wakefield, MA increased 7.34 percent to $407,000 from $379,175 during the same period in 2012. In October 2013 the median price increased 5.14 percent to $409,000 from $389,000 in October 2012.

Single-family home sales in Saugus, Massachusetts jumped 40 percent during the first ten months of 2013 and increased 11.1 percent in October, according to data tracked by The Warren Group, publisher of Banker & Tradesman. 

There were 130 single-family home sales January through October in 2012 and 182 sales during the same period this year. Single-family home sales increased from 18 sales in October 2012 to 20 sales in 2013.

Like much of Massachusetts, the Haverhill, Massachusetts real estate market has experienced increasing home sales and median home prices this year. 

In October, the median price of a single-family home in Haverhill, MA jumped 20.34 percent compared to October 2012, according to data tracked by The Warren Group, publisher of Banker & Tradesman. 

From January through October, the price of a single-family home in Norwood, Massachusetts has increased compared to the same period last year, according to data released by The Warren Group, publisher of Banker & Tradesman.

The median price of a single-family home increased 7.58 percent to $355,000 compared to $330,000 during the same ten-month period in 2012. In October 2013, the median price decreased 6.32 percent to $318,500 from $340,000 in October 2012.

Similar to most communities in Massachusetts, the Dracut, Massachusetts real estate market has been strong in 2013. The price of a single-family home in Dracut, MA, as well as homes sales, have increased in 2013, according to data provided by The Warren Group, publisher of Banker & Tradesman.

From January through September 2013, the median price of a single-family home in Dracut increased 14.47 percent to $261,000 compared to $228,000 during the same nine-month period in 2012. For September 2013, the median price increased to $265,000 from $215,000 in September 2012.

The price of a single-family home in Duxbury, Massachusetts increased – though only slightly – through September 2013, according to data compiled by The Warren Group, the publisher of Banker & Tradesman.

From January through September 2013, the median price of a single-family home in Duxbury, MA increased 1.2 percent to $550,000 from $543,500 during the same nine-month period in 2012. The month of September saw similar real estate market activity, with the median price increasing 1.33 percent to $572,500 compared to $565,000 in September 2012.

The Massachusetts real estate recovery continued in October.  

Single-family home sales rose again in October, increasing nearly 19 percent from October 2012, The Warren Group, publisher of Banker & Tradesman, reported November 26, 2013.

The real estate market for single-family homes in Haverhill, MA has increased in 2013, in both sales and median price, according to data provided by The Warren Group.

From January to September 2013, the median sale price for a single-family home in Haverhill increased 14 percent to $250,000 from $219,000 during the same time period in 2012. For the month of September, the median price stood at $275,700 compared to $210,000 in September 2012, an increase of 31 percent.

The price of a single-family home in Braintree, Massachusetts has increased through September 2013, according to The Warren Group, publisher of Banker & Tradesman.