Median Price of Closed Single Family Real Estate in MA is $416,000.000

The Massachusetts Association of Realtors® (MAR) recently reported that the median price for Massachusetts single-family homes is now $416,000 and the median price for Massachusetts condominiums is now $428,500.  These prices are based on recent sales prices of homes in Massachusetts and can be used to estimate home value on the market. The increase for single family homes is a 6 percent increase from March 2019, which was $390,500.00. The increase for condominiums is a 14 percent increase from March 2019 which was $375,000.00. It was reported that closed sales in March 2020 have decreased by 3 percent due to the COVID-19 pandemic, however, the demand for housing remains strong and residential real estate inventory is at record low levels. This is helping keep the value of residential real estate in Massachusetts steady and at its current market value.

Northshore Legal LLC specializes in real estate law, and represents buyer and sellers of residential and commercial real estate. We will continue to provide updates throughout the pandemic crisis. We can be reached at consultation@northshore.legal or 781-463-6063.

Source: The Massachusetts Association of Realtors® (MAR); www.marealtor.com. Northshore Legal LLC claims no rights or ownership of any content or source materials contained in this Post.