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August 24, 2017

MetroWest home prices soar in July

File photo Median home prices continue to rise the MetroWest area.

Home sales in MetroWest rose further in July, most significantly in Northborough, Southborough and Milford.

Statewide, prices rose 3.7 percent to $382,500, the highest ever for a July, Boston real estate data firm The Warren Group reported this week in comparing numbers year-over-year.

Several of the largest MetroWest towns beat the average state increase.

Prices rose by 4.2 percent in Framingham to $421,000, in Northborough by by 13.7 percent to $440,000, and in Milford by 10.9 percent to $316,000. Prices were also up in Southborough, rising 17.1 percent to $678,888, and in Marlborough, rising 3.9 percent to $365,000.

Prices were flat or fell in a few communities.

Westborough saw prices fall by 22.3 percent to $470,000, and prices in Shrewsbury fell by 1 percent to $391,000. Hudson saw only a slight increase of 1 percent to $371,300.

In some cases, a month's worth of sales can fluctuate based on just a few sales. Prices fell for the month in Westborough and Shrewsbury, but prices are up for the year in both towns by more than 6 percent.

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