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

$330,000

  • 5.3% 1-year change
  • 1.5% 1-year forecast

The median home value in Massachusetts is $330,000. Massachusetts home values have gone up 5.3% over the past year and Zillow predicts they will rise 1.5% 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 $349,000 while the median price of homes that sold is $279,275. The median rent price in Massachusetts is $2,100.

Foreclosures will be a factor impacting home values in the next several years. In Massachusetts 1.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

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 8.2%, which is higher than the national value of 6.4%. 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 11.2%.

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Relative ZHVI
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Massachusetts Market Overview

Data through Nov 30, 2014
  • $330,000 ZHVI
  • 1.5% 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
    (Nov 30, 2015)
  • $349,000 Median listing price
  • $279,275 Median sale price
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Massachusetts Market Health

Data through Nov 30, 2014
  • 5.6/10 Healthy
    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.
  • 76 Average days on Zillow (Oct 31, 2014)
  • 11.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes Massachusetts
4.2 homes United States
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Cities in Massachusetts

Name Median ZHVI
Newton $836,900
Cambridge $584,400
Boston $441,000
Name Median ZHVI
Quincy $357,000
Lowell $221,200
Brockton $204,500
Name Median ZHVI
New Bedford $187,100
Worcester $181,900
Springfield $126,400

Listings & Sales

Data through Nov 30, 2014
  • $207 Median list price / sq ft
  • $188 Median sale price / sq ft
  • No data Listings with price cut
20.8%
Sold below listing
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Massachusetts Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,943 Massachusetts
    $1,342 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
  • $2,100 Rent list price
  • $1.97 Rent list price / sq ft
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