Home prices rose in most of Greater Boston. How did your area fare?
In April, more homes sold in Greater Boston than in the same month the year before, according to data the Greater Boston Association of Realtors released this week.
But the higher number of sales, however, did not necessarily translate into lower home prices.
“The reality is buyer demand continues to far exceed housing supply, and that’s putting upward pressure on home prices,” Marie Presti, association president, said in a news release. “As a result, homes and condos are selling quickly, typically in a month to five weeks if priced right, and most are selling at or above asking price.”
The median sales price of a single-family home in Greater Boston rose to a record high of $612,000 last month, a 3.7 percent increase from April 2017. Condo prices also hit a record high for the month, with a 14.2 percent jump taking the median price from $520,000 to $593,629.
How did your community fare?
Central Middlesex
Acton, Bedford, Boxborough, Concord, Hudson, Lexington, Lincoln, Maynard, Stow, Sudbury, Wayland, and Weston
These communities saw a median single-family home price of $786,000 last month. That’s up 5.9 percent from the April 2017 median of $742,500. For condos the jump was must higher; the April 2018 median price of $488,600 was 21.5 percent higher than last April’s ($402,000).
Eastern Middlesex
Burlington, Malden, Melrose, North Reading, Reading, Stoneham, Wakefield, Wilmington, Winchester, and Woburn
These communities saw a slight increase (0.9 percent) in the median single-family home price last month, from $570,000 in April 2017 to $575,000. Condo prices, however, went up 30.4 percent, from $356,500 in April 2017 to $464,900.
Metro Boston
Arlington, Belmont, Boston, Brookline, Cambridge, Chelsea, Dedham, Everett, Milton, Newton, Revere, Somerville, Waltham, Watertown, and Winthrop
The communities also saw jumps in both single-family home and condo prices. Home prices soared from $670,000 last April to $720,000 this past month, a 7.5 percent increase. Last month’s median sales price for condos was $685,000, up 11 percent from the previous April ($617,000).
Metro West
Ashland, Dover, Framingham, Holliston, Hopkinton, Medfield, Medway, Millis, Natick, Needham, Sherborn, and Wellesley
In this region, the median single-family home price increased, but the cost of a condo decreased. The median single-family home price grew 6.5 percent, from $620,000 in April 2017 to $660,000 this year. Condo prices dropped 0.5 percent, from a median of $331,250 in April 2017 to $329,500.
Southern Norfolk
Avon, Bellingham, Canton, Foxborough, Franklin, Mansfield, Norfolk, Norwood, Randolph, Sharon, Stoughton, Walpole, Westwood, and Wrentham
The median single-family home price was $471,909 last month, a 9.7 percent increase from $430,000 last April. Condo prices, on the other hand, fell 6.5 percent, from a median of $294,250 in April 2017 to $275,000 last month.
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