Southbridge
REAL ESTATE
Cities with the fastest-growing home prices in Massachusetts
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. The typical home value in the United States was $359,402 in April, 4.4% higher than the year before. Increasing...
Million-dollar homes become typical in more Massachusetts cities
Data: Zillow; Map: Erin Davis/Axios VisualsThe number of cities in Massachusetts where the typical home is $1 million or more is growing, per a recent Zillow report.Why it matters: Wealthy people are the ones who can shop in this market, pushing more homes into the luxury price range.Between the lines: People with cash don't have to worry about high mortgage rates.State of play: Massachusetts had 31 "million-dollar" cities and towns in February, up from 27 in February 2023.The Boston metro area, which stretches to New Hampshire, had 23 million-dollar cities, up from 19 a year earlier.The big picture: The...
State's housing secretary is again beating the drum for affordable housing bill
FRAMINGHAM — Statistics on the cost of housing in MetroWest are grim, with state officials searching for ways to make it more affordable to live here. "In 1991, the median sale price of a home in the Boston area was $63,900, and you could rent an apartment for less than $740 a month, right here in Framingham," Massachusetts Secretary of Housing and Livable Communities Edward Augustus said. "Today that $63,900 home is selling for around $900,000, and rent is more than $3,200 a month — and that is even if you're lucky enough to afford a place to rent."
Massachusetts AG Campbell discusses state's housing crisis
(WJAR) — The Massachusetts Attorney General Andrea Campbell and other state leaders toured a manufactured housing community in Taunton Wednesday morning. Campbell highlighted how her office is addressing the housing crisis in the Bay State. There are hundreds of homes like these tucked in the Oak Hill Housing Community...
Here’s what kind of home $500K will get you in Worcester
The average price for a house in Worcester has continued to rise yearly and is fast approaching an average price of $500,000. According to Zillow.com’s Zillow Home Value Index the average price for all houses in Worcester is $411,513 — an increase of 10.3% from last year. Over the past five years, the average price of a single-family home in Worcester rose to $425,964 from $257,648, the website states.
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