Q2 2022 Massachusetts Market Report

Q2 | 2022

MASSACHUSETTS QUARTERLY

MARKET REPORT

1

MARKET NOTE

Is residential real estate due for a market correction? Nationally, the answer appears to be yes. Rapidly rising interest rates, inflationary prices and stock market declines have all contributed to a significant drop in mortgage applications and home sales. Of course, just like politics, all real estate is local. National statistics are usually based on closed sales from one or two months ago. And market conditions can vary significantly from city to city and region to region. Be sure to consult with your agent to understand market trends specific to your neck of the woods. So, how do things look in Greater Boston? The following observations are based on year-to-date MLSPIN data for 150 communities as of June 30, 2022. Among single-family homes, some local indicators are clearly pointing toward a market correction. Compared to June 30, 2021, the number of single families on the market was up 37% and price reductions increased 20%. Pending sales and closed sales were both down. There were some bright spots for sellers, however. Average sales price grew 11% year over year, while median sales price jumped 9%. Days-to-offer was down 21%, a sign that buyers were quickly snapping up new inventory. And sale- to-list ratio (i.e., the final sales price divided by the original list price) was up 1.6%. Among Greater Boston condominiums, we didn’t see much indication of a softening market. Six percent fewer units were available than at the end of the second quarter of 2021. Largely due to inventory constraints, average sales price climbed 13% and median sales price rose 9%. Days- to-offer, meanwhile, was down 23%, suggesting that strong demand is spurring faster sales of condos. As with single families, pending sales and closed sales of condos dipped year over year; this was expected, given that fewer units had come onto the market. Sale-to-list ratio declined, albeit only less than 0.5%, but buyers were still willing to pay an average of almost 2.5% above the asking price.

strategy is critical; most of our communities have seen an uptick in price reductions, which indicates it is possible to overprice a home in this market. Although many homes were still receiving multiple offers, Compass agents reported that fewer offers were arriving in these cases. They added that more sellers (especially of homes under $2 million) were considering offers with financial and other contingencies. Furthermore, buyers were less likely to bid as significantly over the asking price as they were just one month before. But buyers shouldn’t assume home prices will come crashing down anytime soon. In Greater Boston, a variety of factors will continue to cause inventory to remain low. The rise in interest rates will also complicate matters. Buyers may need to reconsider what purchase price is realistic for their budget or explore an adjustable rate mortgage to keep payments affordable. John Burns Real Estate Consulting (which provides market data to Compass) projects that average monthly mortgage payments will soar 39% this year due to price appreciation and swelling mortgage rates. While affordability will be a challenge, those who are in a position to buy now will almost certainly benefit, as home prices have historically appreciated over the long term.

CAPE COD AND THE ISLANDS

In stark contrast with the Greater Boston market, single- family inventory shrank 17% and condo inventory was down 22% year over year on Cape Cod. For both property types, the numbers of pending and closed sales were down significantly, while prices were up. In Barnstable County, the median sales price for single-family homes and condos rose 14% and 20%, respectively.

On Martha’s Vineyard, the number of home sales dropped 27%, and the median sales price was up almost 13%.

On Nantucket, the number of home sales was down 38%, and the median sales price fell by 1.4%. Average sales price, however, was up 38%.

Sellers would be wise to adjust their expectations in light of these trends, particularly in the single-family arena. Pricing

2

Sources: MLSPIN Area Market Review, 1/1/22-6/30/22 CCAIMLS, 1/1/22-6/30/22 LINK, 1/1/22-6/30/22, Martha’s Vineyard and Nantucket

ANDOVER 2 Elm Square, Suite 204 978.248.8081 BOSTON 126 Newbury Street, 2nd Floor 617.206.3333 CAMBRIDGE 1100 Massachusetts Avenue, 1st Floor 617.303.0067 CAPE COD 877 Main Street, Osterville 734.203.7601 CHESTNUT HILL 1330 Boylston Street, 2nd Floor 617.752.6845 CONCORD 2 Lexington Road 351.207.1153 HINGHAM 18 Shipyard Drive, Suite 3C 781.285.8028

CONTENTS

MARKET NOTE / TABLE OF CONTENTS

CONCIERGE

GLOSSARY

BOSTON AND CAMBRIDGE

NORTH SHORE

NORTH OF BOSTON

LEXINGTON 7 Muzzey Street 781.386.0624

NORTHWEST OF BOSTON

MARBLEHEAD 46 Atlantic Avenue 781.534.9229 WELLESLEY 161 Linden Street, Suite 102

METROWEST OF BOSTON

SOUTHWEST OF BOSTON

781.365.9954 WESTON 450 Boston Post Road 781.739.2640 WINCHESTER 41 Thompson Street 781.219.0313

SOUTH SHORE

CAPE AND ISLANDS

ABOUT COMPASS

Get started at compass.com/concierge

4

Show your home in its best light. Compass Concierge is the hassle-free way to sell your home faster and for a higher price. From painting to flooring, Concierge transforms your home with zero upfront costs and no interest.

COSMETIC RENOVATIONS

STRATEGIC STAGING

UPDATED FLOORING

5

GLOSSARY

SINGLE-FAMILY A stand-alone house is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. CONDO A condominium, often shortened to condo, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate MEDIAN LIST PRICE The median list price is the price in the very middle of a data set, with exactly half of the houses priced for less and half priced for more. We refer to the median list price rather than the average list price because it is less affected by outliers or properties that skew the perceived values in a particular housing market. MEDIAN SALES PRICE (MSP) The median sales price is the price in the very middle of a data set, with exactly half of the houses sold for less and half sold for more. We refer to the median sold price rather than the average sold price because it is less affected by outliers or properties that skew the perceived values in a particular housing market. DAYS ON MARKET (DOM) Days on market is defined as the total number of days a listing is active before an offer is accepted or the listing is pulled off the market.

CLOSED SALES Figures for the current quarter are based on known closings recorded at the time the report is prepared.

QUARTERS Q1 January 1 – March 31 Q2 April 1 – June 30 Q3 July 1 – September 30 Q4 October 1 – December 31

6

7

128 Beacon Street, Unit K | Exclusively listed by The Biega Kilgore Team

Living in Boston means a life at the center of everything — innovation and the arts, tradition, and technology. Bostonians are known for moving ever forward while cherishing simple, timeless pleasures like skating on Frog Pond, strolling the Public Garden, taking in various neighborhoods’ architectural gems, and shopping the boutiques of Newbury and Charles Streets. Just across the Charles River from Boston, leisure seekers in the Cambridge area can escape city life for the likes of Fresh Pond Reservation, and the manicured campuses of internationally-renowned universities.

Vibrant neighborhoods, such as Davis Square and Harvard Square, offer a diverse array of exciting dining, shopping, and nightlife options. Residents make their homes in spaces that are as diverse as the cities themselves— from the iconic brownstones of Back Bay, Beacon Street, and the South End, to Brookline and Cambridge’s generous estate properties and the extraordinary painted ladies of Jamaica Plain.

8

SINGLE-FAMILY INVENTORY

Q2 2022

294

$1,551,844

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

35

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

1,736

$867,432

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

38

AVERAGE DAYS ON MARKET ***

Towns included in the Boston & Cambridge region: Allston, Back Bay, Bay Village, Beacon Hill, Brighton, Brookline, Cambridge, Charlestown, Dorchester, Financial District, East Boston, Fenway, Jamaica Plain, Mission Hill, North End, Roslindale, Roxbury, South Boston, South End, Seaport, Waterfront, and West Roxbury.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

1

1

0.0% $800,000 $830,000 3.8% 23 29

26.1%

Allston

0

0

--

--

--

--

--

--

--

Back Bay

0

1

--

--

$1,550,000

--

--

31

--

Bay Village

9

8

-11.1% $3,450,000 $4,750,000 37.7% 148 93 -37.2%

Beacon Hill

12

6

-50% $815,000

$913,500

12.1% 26 16

-38.5

Brighton

49

42

-14.3% $1,850,000 $2,497,500 35% 29 34 17.2%

Brookline

43

25

-41.9% $1,850,000 $2,100,000 13.5% 25

34

36%

Cambridge

19

27

42.1

$1,355,000 $1,400,000 3.3% 57

15

-73.7

Charlestown

31

19

-38.7

$740,000 $840,000 13.5% 31

37

19.4%

Dorchester

0

0

--

--

--

--

--

--

--

Financial District

8

6

-25% $634,450 $722,000 13.8% 30 33

10%

East Boston

1

0

-100% $2,250,000

--

--

63

--

--

Fenway

15

21

40% $1,460,000 $1,175,000 -19.5% 26 21

-19.2%

Jamaica Plain

0

1

--

--

$929,000

--

--

36

--

Mission Hill

0

0

--

--

--

--

--

--

--

North End

37

42

13.5% $750,000

$742,500 -1.0% 17

20 17.6%

Roslindale

4

5

25% $570,000

$550,000 -3.5% 76 29 -61.8%

Roxbury

12

14

16.7% $1,137,000 $1,162,500 2.2% 69 21

-69.6%

South Boston

12

8

-33.3% $2,815,500 $3,825,000 35.9% 91

88

-3.3%

South End

0

0

--

--

--

--

--

--

--

Seaport

0

0

--

--

--

--

--

--

--

Waterfront

61

68

11.5% $810,000

$842,500

4% 19

15

-21%

West Roxbury

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

BOSTON AND CAMBRIDGE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

27

22

-18.5% $535,000 $552,250

3.2% 49 31

-36.7%

Allston

126

99

-21.4% $1,270,000 $1,500,000 18.1% 90 47

-47.8%

Back Bay

3

3

0% $1,2350,000 $1,250,000 1.2% 10

9

-10.0%

Bay Village

56

56

0%

$949,000 $1,210,000 27.5% 59 29 -50.8%

Beacon Hill

104

57

-45.2% $521,000

$570,000

9.4% 50 46 -8.0%

Brighton

199

162

-18.6% $880,000

$877,500 -0.3% 37

30 -18.9%

Brookline

239

209 -12.6% $849,000 $1,015,000 19.6% 36 23 -36.1%

Cambridge

113

103

-8.8% $845,000 $804,500 -4.8% 32

27

-15.6%

Charlestown

144

126

-12.5% $576,500 $605,000 4.9% 30 28

-6.7%

Dorchester

1

2

100% $617,558

$969,750 57.0% 193 44 -77.2%

Financial District

161

107

-33.5% $660,000 $625,000 -5.3% 47

45

-4.3%

East Boston

42

27

-35.7% $635,000 $625,000 -1.6% 47

32

-31.9%

Fenway

168

145

-13.7% $705,206

$735,000

4.2% 32

23 -28.1%

Jamaica Plain

6

5

-16.7% $612,750

$585,000 -4.5% 16 59 268.8%

Mission Hill

34

19

-44.1% $685,000 $655,000 -4.4% 47

47

0.0%

North End

60

57

-5% $591,000

$650,000 10.0% 23

16 -30.4%

Roslindale

18

35

94% $580,000 $600,000 3.4% 61

46 -24.6%

Roxbury

254

170 -33.1% $777,400

$867,500

11.6% 47

36 -23.4%

South Boston

215

206 -4.2% $915,950 $1,094,500 19.5% 48 32 -33.3%

South End

56

37

-33.9% $1,637,000 $1,279,000 -21.9% 58 102

75.9%

Seaport

46

48

4.3% $1,077,500 $1,477,500 37.1% 93 63 -32.3%

Waterfront

37

41

10.8% $444,000 $536,000 20.7% 42

21

-50.0%

West Roxbury

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

257 Ocean Avenue, Marblehead | Exclusively listed by Bill Willis and Christine Tierney

862 Bay Road, Hamilton | Exclusively listed by Syndi Zaiger

From the dunes of Plum Island to the pristine sands of Wingaersheek Beach, where the Annisquam River meets Ipswich Bay, the North Shore of Boston promises tranquil escapes taken straight from a postcard. Updated Colonials lend an air of sophistication to traditional architectural styles, while iconic Gothic Revival and Queen Anne-style homes attract visits from students of architecture.

Those looking for a livelier scene might check out Salem’s year-round Halloween happenings or venture further north to New Hampshire’s shopping hot spots. Lobster rolls, flea markets, and an easy commute to Boston by commuter rail make for an enviable lifestyle that feels a lot like vacation.

12

SINGLE-FAMILY INVENTORY

Q2 2022

715

$762,201

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

27

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

491

$513,233

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

33

AVERAGE DAYS ON MARKET ***

Towns included in the North Shore region: Beverly, Chelsea, Danvers, Essex, Gloucester, Hamilton, Ipswich, Lynn, Manchester-by-the-Sea, Marblehead, Newburyport, Peabody, Rowley, Rockport, Salem, Salisbury, Swampscott, and Winthrop.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

80

82

2.5% $675,000

$688,000

1.9% 19

17

-10.5%

Beverly

6

8

33.3% $487,000 $630,000 29.4% 26

17 -34.6%

Chelsea

54

47

-13.0% $647,500 $640,000 -1.2% 16

15

-6.3%

Danvers

8

3

-62.5% $772,500

$855,000 10.7% 21

52 147.6%

Essex

37

40

8.1% $660,000 $625,000 -5.3% 38

23 -39.5%

Gloucester

18

27

50.0% $630,000 $700,000

11.1% 20 35

75.0%

Winthrop

29

37

27.6% $807,766

$863,760

6.9% 38

29 -23.7%

Ipswich

149

124 -16.8% $475,000

$520,000

9.5% 21

17

-19.0%

Lynn

Manchester- by-the-Sea

20

21

50% $1,075,000 $1,100,000 2.3% 52

46 -11.5%

72

50 -30.6% $837,500 $868,000 3.6% 22

23

4.5%

Marblehead

55

40

-27.3% $890,700 $1,025,000 15.1% 28

21

-25.0%

Newburyport

96

70

-27.1% $608,750 $644,000 5.8% 17

16 -5.9%

Peabody

23

18

-21.7% $790,000 $780,000 -1.3% 17

35 105.9%

Rowley

22

9

-59.1% $1,002,000 $890,000 -11.2% 48

16 -66.7%

Rockport

51

55

7.8% $542,000 $639,900

18.1% 19

17

-10.5%

Salem

13

20

53.8% $500,000

$539,950

8.0% 66

55 -16.7%

Salisbury

30

29

-3.3% $820,000 $900,000 9.8% 38

28 -26.3%

Hamilton

53

35

-34.0% $740,000

$811,000

9.6% 29

20 -31.0%

Swampscott

18

27

50.0% $630,000 $700,000

11.1% 20 35

75.0%

Winthrop

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTH SHORE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

41

36

-12.2% $380,000

$413,250

8.8% 22

20 -9.1%

Beverly

70

41

-41.4% $449,450 $425,000 -5.4% 27

32

18.5%

Chelsea

25

23

-8.0% $425,000

$431,000

1.4% 22

26 18.2%

Danvers

1

1

0.0% $585,000 $305,000 -47.9% 37

3 -91.9%

Essex

32

32

0.0% $452,500 $550,000 21.5% 62

34 -45.2%

Gloucester

32

30

-6.3% $464,500 $472,000

1.6% 48

27 -43.8%

Winthrop

19

17

-10.5% $380,000

$576,250 51.6% 31

24 -22.6%

Ipswich

61

58

-4.9% $290,000 $338,500 16.7% 48

40 -16.7%

Lynn

Manchester- by-the-Sea

2

2

0.0% $750,000

$795,000

6.0% 155

22 -85.8%

15

12

-20.0% $525,000

$527,500

0.5% 29 49 69.0%

Marblehead

52

45

-13.5% $523,250 $640,000 22.3% 21

22

4.8%

Newburyport

24

32

33.3% $399,000

$417,500

4.6% 16

17

6.3%

Peabody

2

2

0.0% $442,500 $416,000 -6.0% 20

17

-15.0%

Rowley

9

12

33.3% $580,000 $462,000 -20.3% 42

57

35.7%

Rockport

94

109

16.0% $431,500

$461,200

6.9% 20 23 15.0%

Salem

18

20

11.1% $442,500 $466,000 5.3% 30 59 96.7%

Salisbury

9

4

-55.6% $866,140 $1,023,000 18.1% 14

88 528.6%

Hamilton

21

15

-28.6% $401,000

$519,000 29.4% 24 28

16.7%

Swampscott

32

30

-6.3% $464,500 $472,000

1.6% 48

27 -43.8%

Winthrop

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

29 Anne Road, North Andover | Exclusively listed by the Lush Group

The communities north of Boston feature the luxuries of modern living amid picturesque streetscapes that honor New England’s history. Residences are as varied as that history itself, from Victorian homes and Colonial estates to updated farmhouses and new condominiums. Community investment has breathed new life into well- preserved town centers such as the Lexington Common and Andover’s Shawsheen Village Historic District. Beautifully restored mills house top-rated restaurants, and antique stores share space with contemporary boutiques.

Runners, hikers, and cyclists take full advantage of expansive greenspaces like the Boxford and Harold Parker State Forests, Breakheart Reservation, and Middlesex Fells Reservation, while children attend schools that rate among the best in the country. Residents enjoy an easy commute into Boston via car or commuter rail and can head a few miles north to New Hampshire for weekend getaways.

16

SINGLE-FAMILY INVENTORY

Q2 2022

934

$820,250

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

17

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

470

$471,927

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

20

AVERAGE DAYS ON MARKET ***

Towns included in the North of Boston region: Andover, Boxford, Everett, Haverhill, Lawrence, Lynnfield, Malden, Medford, Middleton, Melrose, North Andover, North Reading, Reading, Saugus, Stoneham, and Wakefield.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

111

101

-9.0% $880,000 $1,050,000 19.3% 26

27

3.8%

Andover

34

34

0.0% $957,000 $990,000 3.4% 38

20 -47.4%

Boxford

27

19

-29.6% $535,000

$577,000

7.9% 31

15

-51.6%

Everett

114

106

-7.0% $462,500 $537,500 16.2% 18

19

5.6%

Haverhill

37

43

16.2% $395,000 $446,000 12.9% 20

25 25.0%

Lawrence

33

29

-12.1% $825,000 $1,300,000 57.6% 18

13 -27.8%

Lynnfield

56

67

19.6% $587,500

$665,000 13.2% 20

19 -5.0%

Malden

84

81

-3.6% $745,000

$875,000 17.4% 17

16 -5.9%

Medford

27

14

-48.1% $735,000 $1,155,000 57.1% 29

18 -37.9%

Middleton

75

79

5.3% $808,000 $890,000 10.1% 15

17

13.3%

Melrose

78

70

-10.3% $812,500

$877,500

8.0% 24

15 -37.5%

North Andover

59

45

-23.7% $730,000 $752,000

3.0% 15

13 -13.3%

North Reading

59

79

33.9% $775,000

$856,000 10.5% 20

17

-15.0%

Reading

69

54

-21.7% $551,000

$664,500 20.6% 24

16 -33.3%

Saugus

53

44

-17.0% $681,000

$737,500

8.3% 17

14 -17.6%

Stoneham

70

69

-1.4% $722,500

$751,000

3.9% 20

15 -25.0%

Wakefield

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTH OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

60

35

-41.7% $399,061

$525,000 31.6% 27

23 -14.8%

Andover

0

0

--

--

--

--

--

--

--

Boxford

40

16

-60.0% $484,000 $475,000 -1.9% 28

20 -28.6%

Everett

93

69

-25.8% $296,700

$372,500 25.5% 17

14 -17.6%

Haverhill

16

12

-25.0% $187,000

$230,500 23.3% 31

17 -45.2%

Lawrence

2

7

250.0% $622,500 $640,000 2.8% 7

17

142.9%

Lynnfield

45

35

-22.2% $425,000 $430,000

1.2% 34 25 -26.5%

Malden

88

111

26.1% $577,500

$629,900

9.1% 36

17

-52.8%

Medford

16

9

-43.8% $505,000 $632,000 25.1% 28

26 -7.1%

Middleton

39

19

-51.3% $470,000 $425,000 -9.6% 22

24 9.1%

Melrose

53

46

-13.2% $347,000

$375,000

8.1% 17

14 -17.6%

North Andover

15

17

13.3% $279,000

$414,000 48.4% 38

19 -50.0%

North Reading

43

32

-25.6% $540,000 $560,000

3.7% 39

32 -17.9%

Reading

22

8

-63.6% $382,000 $460,000 20.4% 19

13 -31.6%

Saugus

35

24

-31.4% $358,000 $382,500 6.8% 22

17

-22.7%

Stoneham

69

30 -56.5% $472,000

$527,500

11.8% 28

29 3.6%

Wakefield

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

41 McCallar Lane, Concord | Exclusively listed by Evarts + McLean + Co

Greenspace abounds in the communities situated northwest of Boston, as several national protected areas are peppered throughout the region for its many residents to enjoy. Exercise enthusiasts relish the trails and bikeways of the Minuteman National Historic Park, while others that opt for a more leisurely outing are partial to the Assabet River National Wildlife Refuge.

These suburban towns just outside of Boston may give the illusion of being a world away from the hustle and bustle, but commuters — and those looking to spend a few hours in the city — can still reap the benefits of city life by way of the MBTA train lines serving the region.

20

SINGLE-FAMILY INVENTORY

Q2 2022

1,155

MEDIAN SALES PRICE ** $1,037,290

TOTAL SINGLE-FAMILY SALES *

19

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

696

$643,410

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

18

AVERAGE DAYS ON MARKET ***

Towns included in the Northwest of Boston region: Acton, Arlington, Bedford, Belmont, Billerica, Burlington, Carlisle, Chelmsford, Concord, Dracut, Groton, Harvard, Lexington, Lincoln, Maynard, Somerville, Tewksbury, Watertown, Waltham, Wilmington, Winchester, Woburn, and Stow.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

77

64

-16.9% $853,000 $1,000,000 17.2% 19

14 -26.3%

Acton

92

90

-2.2% $1,037,500 $1,245,000 20.0% 11

12

9.1%

Arlington

35

16

-54.3% $900,000 $1,090,000 21.1% 23

16 -30.4%

Bedford

53

43

-18.9% $1,430,000 $1,696,000 18.6% 20 26 30.0%

Belmont

104

21

-79.8% $586,500 $653,000 11.3% 19

21

10.5%

Billerica

65

46

-29.2% $695,000 $770,000 10.8% 18

25 38.9%

Burlington

22

14 -36.4% $1,137,500 $1,266,924 11.4% 39

19 -51.3%

Carlisle

106

87

-17.9% $576,500 $650,000 12.7% 16

13 -18.8%

Chelmsford

57

54

-5.3% $1,750,000 $1,687,500 -3.6% 36 20 -44.4%

Concord

70

83

18.6% $487,500 $545,000 11.8% 22

17

-22.7%

Dracut

36

34

-5.6% $677,889

$800,000 18.0% 32

19 -46.9%

Groton

26

18

-30.8% $812,500 $1,100,000 35.4% 51

30 -41.2%

Harvard

122

96

-21.3% $1,510,000 $1,639,000 8.5% 28

19 -32.1%

Lexington

12

14

16.7% $1,440,500 $1,805,000 25.3% 35

19 -45.7%

Lincoln

38

25

-34.2% $495,000 $550,000

11.1% 20

15 -25.0%

Maynard

21

14

-33.3% $910,000 $1,279,750 40.6% 25

21

-16.0%

Somerville

63

79

25.4% $605,000 $640,000 5.8% 19

20 5.3%

Tewksbury

32

21

-34.4% $825,750

$815,000

-1.3% 17

32 88.2%

Watertown

93

92

-1.1% $705,000

$770,000

9.2% 20

15 -25.0%

Waltham

71

75

5.6% $630,000 $738,500 17.2% 19

19 0.0%

Wilmington

78

75

-3.8% $1,380,500 $1,550,000 12.3% 25

15 -40.0%

Winchester

78

65

-16.7% $650,000 $702,000 8.0% 18

18

0.0%

Woburn

35

29

-17.1% $700,000 $865,000 23.6% 36 20 -44.4%

Stow

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTHWEST OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

41

40

-2.4% $380,000 $440,500 15.9% 38

16 -57.9%

Acton

95

79

-16.8% $662,500 $807,000 21.8% 21

17

-19.0%

Arlington

9

15

66.7% $531,000

$818,000 54.0% 55

22 -60.0%

Bedford

44

26

-40.9% $750,000 $836,000 11.5% 36

19 -47.2%

Belmont

12

16

33.3% $346,250 $440,000 27.1% 22

18 -18.2%

Billerica

4

6

50.0% $552,500 $782,500 41.6% 47

17

-63.8%

Burlington

3

0

-100.0% $1,000,000

--

--

12

--

--

Carlisle

39

66

69.2% $350,000 $435,200 24.3% 28

12

-57.1%

Chelmsford

13

11

-15.4% $660,000 $899,000 36.2% 18

14 -22.2%

Concord

47

29

-38.3% $255,000 $362,500 42.2% 14

12 -14.3%

Dracut

8

7

-12.5% $341,000

$636,000 86.5% 55

25 -54.5%

Groton

5

12

140.0% $510,000

$632,916

24.1% 37

10 -73.0%

Harvard

17

18

5.9% $760,000 $850,000 11.8% 19

15

-21.1%

Lexington

5

4

-20.0% $438,000 $666,000 52.1% 27

17

-37.0%

Lincoln

10

9

-10.0% $379,375

$415,000

9.4% 16

18

12.5%

Maynard

206

137

-33.5% $794,750

$820,000 3.2% 42

33 -21.4%

Somerville

37

37

0.0% $396,000 $460,000 16.2% 18

14 -22.2%

Tewksbury

62

67

8.1% $627,500

$706,500 12.6% 26

20 -23.1%

Watertown

101

57

-43.6% $515,000

$570,000 10.7% 38

17

-55.3%

Waltham

4

0

-100.0% $579,950

--

--

30

--

--

Wilmington

33

24

-27.3% $720,000

$739,500

2.7% 36 40 11.1%

Winchester

46

31

-32.6% $499,250 $485,000 -2.9% 30

18 -40.0%

Woburn

3

5

66.7% $660,000

$710,000

7.6% 43

10 -76.7%

Stow

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

19 Burnham Road, Newton | Exclusively listed by Allison Blank

MetroWest combines stunning conservation lands, tranquil ponds, and apple orchards with sought- after accessibility to offerings of urban living. Arts aficionados relish the Wellesley Symphony Orchestra, while the Natick Center for the Arts showcases some of the country’s most beloved musicians. Locals enjoy fine dining, dance, and theater performances, while also having access to trails and extensive conservation land.

Time spent at home might mean enjoying all the comforts and modern amenities of a brick Georgian revival with a wide front porch, a contemporary Colonial with cathedral ceilings, a well-appointed condominium, or a newly renovated townhome.

24

SINGLE-FAMILY INVENTORY

Q2 2022

974

$1,393,167

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

19

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

279

$821,736

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

31

AVERAGE DAYS ON MARKET ***

Towns included in the Metrowest region: Dedham, Dover, Framingham, Natick, Needham, Newton, Sherborn, Sudbury, Wayland, Wellesley, Weston, and Westwood.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

94

85

-9.6% $662,500

$731,500 10.4% 29

16 -44.8%

Dedham

23

27

17.4% $1,400,000 $1,831,000 30.8% 75

19 -74.7%

Dover

150

146

-2.7% $599,000 $650,000 8.5% 14

11

-21.4%

Framingham

102

95

-6.9% $761,000

$950,000 24.8% 18

20 11.1%

Natick

102

101

-1.0% $1,237,500 $1,555,000 25.7% 19

16 -15.8%

Needham

196

176

-10.2% $1,600,000 $1,760,000 10.0% 29

18 -37.9%

Newton

26

31

19.2% $1,124,500 $1,275,000 13.4% 30

27

-10.0%

Sherborn

83

84

1.2% $1,035,000 $1,274,500 23.1% 14

25 78.6%

Sudbury

53

37

-30.2% $1,010,000 $1,095,000 8.4% 36 20 -44.4%

Wayland

104

105

1.0% $1,824,500 $2,200,000 20.6% 22

12 -45.5%

Wellesley

48

44

-8.3% $2,165,000 $2,270,000 4.8% 72

27 -62.5%

Weston

72

43

-40.3% $1,002,500 $1,126,000 12.3% 25

15 -40.0%

Westwood

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

METROWEST

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

23

17

-26.1% $500,000 $490,000 -2.0% 30

21

-30.0%

Dedham

2

3

50.0% $597,500

$865,000 44.8% 13

13

0.0%

Dover

58

58

0.0% $269,000

$337,500 25.5% 27

90 233.3%

Framingham

49

39

-20.4% $531,000

$700,000 31.8% 32

20 -37.5%

Natick

21

17

-19.0% $775,000 $900,000 16.1% 52

17

-67.3%

Needham

163

95

-41.7% $818,000

$910,000

11.2% 39

19 -51.3%

Newton

4

1

-75.0% $719,500

$900,000 25.1% 41

37

-9.8%

Sherborn

6

8

33.3% $602,984 $782,080 29.7% 34 14 -58.8%

Sudbury

8

15

87.5% $827,750 $1,195,000 44.4% 61

61

0.0%

Wayland

104

105

1.0% $1,824,500 $2,200,000 20.6% 22

12 -45.5%

Wellesley

4

5

25.0% $767,500

$700,000 -8.8% 33

17 -48.5%

Weston

15

9

-40.0% $1,045,243 $975,000 -6.7% 45

44 -2.2%

Westwood

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

5 Elm Street, Canton | Exclusively sold by Melissa Mayer

Anchored by the Blue Hills Reservation and Borderland State Park, the towns situated southeast of Boston are known for their vast array of businesses, including technology, retail, wholesale, and manufacturing, complemented by entertainment venues and professional sporting arenas.

locals and visitors alike, while nearby Mansfield draws flocks of people to town to enjoy live music performances and events. Only a 40-minute drive to Boston, this region serves as a popular commuter’s community, as residents are afforded the conveniences of the city, seamlessly blended with the spacious benefits provided by a suburban lifestyle.

Foxborough, home to the New England Patriots, hosts a slew of year-round activities for both

28

SINGLE-FAMILY INVENTORY

Q2 2022

549

$721,838

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

22

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

204

$532,704

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

23

AVERAGE DAYS ON MARKET ***

Towns included in the Southwest of Boston region: Avon, Abington, Canton, Franklin, Foxborough, Norfolk, Norwood, Mansfield, Medfield, Medway, Sharon, Stoughton, and Wrentham.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

9

18

100.0% $520,000

$475,500 -8.6% 14

22

57.1%

Avon

44

36

-18.2% $462,500 $590,500 27.7% 17

22 29.4%

Abington

67

43

-35.8% $725,000

$799,900 10.3% 18

31

72.2%

Canton

102

75

-26.5% $602,500 $695,000 15.4% 23

20 -13.0%

Franklin

53

41

-22.6% $606,000

$710,000

17.2% 19

19 0.0%

Foxborough

40

38

-5.0% $727,500

$775,000

6.5% 35

31

-11.4%

Norfolk

64

65

1.6% $630,000 $680,000

7.9% 14

19 35.7%

Norwood

64

15

-76.6% $575,500

$712,500 23.8% 20

15 -25.0%

Mansfield

63

48

-23.8% $850,000 $1,087,500 27.9% 28

23 -17.9%

Medfield

34

28

-17.6% $570,000

$703,000 23.3% 16

17

6.3%

Medway

78

68

-12.8% $490,000 $580,000 18.4% 20

18 -10.0%

Stoughton

61

49

-58.8% $775,000

$850,000

9.7% 26

29 -66.3%

Sharon

42

25

-40.5% $615,000

$725,000 17.9% 24

15 -37.5%

Wrentham

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

SOUTHWEST OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

0

0

--

--

--

--

--

--

--

Avon

13

11

-15.4% $360,000 $380,000 5.6% 17

14 -17.6%

Abington

43

44

2.3% $459,000

$552,142

20.3% 41

30 -26.8%

Canton

39

31

-20.5% $389,000 $460,000 18.3% 22

13 -40.9%

Franklin

14

7

-50.0% $487,500

$525,000

7.7% 30

14 -53.3%

Foxborough

14

8

-42.9% $600,953

$655,000

9.0% 81

21

-74.1%

Norfolk

37

21

-43.2% $415,000

$450,000 8.4% 39

15

-61.5%

Norwood

15

25

66.7% $305,000 $309,500

1.5% 15

14 -6.7%

Mansfield

7

9

28.6% $350,000 $670,000 91.4% 18

29 61.1%

Medfield

8

5

-37.5% $365,000

$517,835

41.9% 27

22 -18.5%

Medway

23

27

17.4% $340,000 $376,000 10.6% 22

18 -18.2%

Stoughton

17

7

-58.8% $460,000

$710,000 54.3% 104 35 -66.3%

Sharon

4

9

125.0% $379,950

$786,972

107.1% 16

47 193.8%

Wrentham

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

170 Otis Street, Hingham | Exclusively listed by the Kevin Lewis Group

The historic towns of the South Shore showcase stately Colonials, townhomes, and Capes, as well as nineteenth century country houses and estates framed by fieldstone walls. New construction homes in the tradition of the Georgian Colonial are neighbors to tasteful condos with floor-to-ceiling bay windows and coastal views. While residents enjoy the proximity to both Boston and Providence, the South Shore has plenty to entice in its own right, from fresh oysters and farm-to-table dining to swimming, hiking, and biking in the Blue Hills and Neponset Reservations.

Defined by the prominence of Route 3, the South Shore features several gorgeous seaside towns along this highly traveled path, making for a picturesque excursion leading to the Cape. Families count on excellent schools, enjoy arts and cultural delights like dance performances and outdoor music festivals, and cherish institutions like the South Shore Music Circus and South Shore Children’s Museum.

32

SINGLE-FAMILY INVENTORY

Q2 2022

979

$737,297

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

24

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

359

$588,229

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

43

AVERAGE DAYS ON MARKET ***

Towns included in the South Shore region: Braintree, Cohasset, Duxbury, Hanover, Hingham, Hull, Kingston, Marshfield, Milton, Norwell, Pembroke, Plymouth, Quincy, Rockland, Scituate, and Weymouth.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

38

28

-26.3% $397,500 $442,500 11.3% 36

19 -47.2%

Braintree

44

29

-34.1% $1,312,000 $1,365,000 4.0% 50

31

-38.0%

Cohasset

62

41

-33.9% $882,500

$110,000 -87.5% 24 38 58.3%

Duxbury

51

35

-31.4% $640,000 $705,000 10.2% 29

25 -13.8%

Hanover

91

81

-11.0% $1,175,000 $1,399,000 19.1% 21

24 14.3%

Hingham

44

32

-27.3% $618,500

$701,000 13.3% 31

22 -29.0%

Hull

39

28

-28.2% $590,000

$611,500

3.6% 37

36 -2.7%

Kingston

55

54

-1.8% $635,000

$677,500

6.7% 23

20 -13.0%

Marshfield

87

76

-12.6% $906,000 $990,000 9.3% 25

17

-32.0%

Milton

35

50

42.9% $810,000

$971,500

19.9% 39

18 -53.8%

Norwell

66

41

-37.9% $535,000 $572,000

6.9% 32

22 -31.3%

Pembroke

202

170 -15.8% $510,000

$598,750 17.4% 34 28 -17.6%

Plymouth

118

87

-26.3% $632,500 $665,000

5.1% 27

24 -11.1%

Quincy

63

29 -54.0% $445,000 $502,000 12.8% 18

15

-16.7%

Rockland

74

67

-9.5% $785,000

$876,000 11.6% 26

29 11.5%

Scituate

138

131

-5.1% $545,000

$610,000

11.9% 21

19 -9.5%

Weymouth

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

SOUTH SHORE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

38

28

-26.3% $397,500 $442,500 11.3% 36

19 -47.2%

Braintree

6

7

16.7% $732,500 $865,000 18.1% 70 40 -42.9%

Cohasset

7

4

-42.9% $475,000

$589,000 24.0% 19

17

-10.5%

Duxbury

9

5

-44.4% $580,000 $653,660 12.7% 44 16 -63.6%

Hanover

30

19

-36.7% $828,500 $600,000 -27.6% 62

47 -24.2%

Hingham

19

18

-5.3% $385,000 $508,000 31.9% 25

31

24.0%

Hull

1

1

0.0% $440,000 $336,000 -23.6% 5

8

60.0%

Kingston

10

5

-50.0% $234,000 $255,000

9.0% 22

12 -45.5%

Marshfield

6

6

0.0% $944,500 $1,335,000 41.3% 59 160 171.2%

Milton

3

2

-33.3% $700,000 $869,000 24.1% 176 154 -12.5%

Norwell

5

6

20.0% $351,000

$403,500 15.0% 20

10 -50.0%

Pembroke

95

63

-33.7% $390,000 $480,000 23.1% 52

33 -36.5%

Plymouth

152

106 -30.3% $505,000 $430,000 -14.9% 51

23 -54.9%

Quincy

11

9

-18.2% $335,000 $385,000 14.9% 13

14

7.7%

Rockland

26

15

-42.3% $734,000 $890,000 21.3% 57

83 45.6%

Scituate

58

65

12.1% $308,500 $370,000 19.9% 29

28 -3.4%

Weymouth

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

41 Jefferson Avenue, Nantucket | Exclusively listed by The Mazer Group

A favorite destination for tourists, statespeople, and celebrities, the Cape and Islands have even more to offer those who make it home. Known for its signature wood-framed clapboard homes, the coastal region also boasts traditional Colonial and salt-box homes, seaside cottages, and luxury condos. Simply taking in the majestic sunsets is an activity on its own, but residents of the Cape and Islands also enjoy playing at pristine golf courses, dining at five-star restaurants, watching the seals at the

Chatham Fish Pier, strolling through sculpture gardens and, of course, beachgoing, sailing, and swimming. From townhomes adjoining the vibrant streets of Provincetown to tranquil, secluded estates across the region, Cape Cod, Nantucket, and Martha’s Vineyard have something for everyone.

36

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