Home Values

Massachusetts Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$324,300

  • 4.5% 1-year change
  • 0.6% 1-year forecast

The median home value in Massachusetts is $324,300. Massachusetts home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Massachusetts is $207. The median price of homes currently listed in Massachusetts is $347,000 while the median price of homes that sold is $333,250. The median rent price in Massachusetts is $2,185.

Foreclosures will be a factor impacting home values in the next several years. In Massachusetts 1.5 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Massachusetts is 8.5%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Massachusetts homeowners underwater on their mortgage is 12.1%.

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Relative ZHVI
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Massachusetts Market Overview

Data through Sep 30, 2014
  • $324,300 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $347,000 Median listing price
  • $333,250 Median sale price
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Massachusetts Market Health

Data through Sep 30, 2014
  • 5.2/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 84 Average days on Zillow (Aug 31, 2014)
  • 12.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.5 homes Massachusetts
4 homes United States
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Cities in Massachusetts

Name Median ZHVI
Newton $819,600
Cambridge $555,300
Boston $430,500
Name Median ZHVI
Quincy $346,500
Lowell $212,500
Brockton $194,300
Name Median ZHVI
New Bedford $184,700
Worcester $176,700
Springfield $127,300

Listings & Sales

Data through Sep 30, 2014
  • $207 Median list price / sq ft
  • $222 Median sale price / sq ft
  • 43.9% Listings with price cut
19.2%
Sold below listing
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Massachusetts Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,935 Massachusetts
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $2,185 Rent list price
  • $2.09 Rent list price / sq ft
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