February 28, 2018

Worcester County median home prices hit $253K

Zachary Comeau
Worcester County home sales are on the rise while statewide sales drop.

Worcester County continues to buck the statewide trend of declining home sales, posting a 8.1-percent increase in the number of single-family sales in January.

Aside from Middlesex County with 663 single-family home sales in January (a 0.8-percent decline from January 2017), Worcester County had the most single-family home sales in January with 542, according to Boston real estate data firm The Warren Group.

The monthly report from The Warren Group released Wednesday shows median sale prices increased by 9.5 percent for single-family homes in Worcester County, a rise to $253,450 from $229,250 reported in January 2017.

Worcester County condos have actually seen a slower year than in 2017, with 128 condos sold in January compared to 141 sold in January 2017.

Median sale prices for condos in the county have decreased by 7.8 percent to $173,450.

Statewide, the number of single-family home sales declined by 0.8 percent last month compared to January 2017.

The median sale price in the state rose by 2 percent to $350,000, up from $342,900 in January 2017.

Despite rising home prices, Worcester County still remains relatively affordable as of, ranking as the fifth-most affordable Massachusetts county for single-family homes as of January behind Hampden, Franklin, Berkshire and Hampshire counties.


Type your comment here:

Today's Poll Has media consolidation by a handful of large corporations impacted local journalism?<>
Most Popular on Facebook
Copyright 2017 New England Business Media