Home prices continued to spike throughout Massachusetts in March, according to Peabody real estate data firm The Warren Group, with the median single-family sale price spiking 14.4% to $460,000, up from $402,000 in March 2020.
This latest spike puts the median single-family home price above $400,000 for 14 consecutive months. But, the climbing prices have not affected every community with some MetroWest communities seeing a decline in sales, prices or both.
Among the communities with positive growth, Hopkinton was the standout. Single-family home sales were up in March by 33.3% to a median price of $850,000, and there was 275% growth in condo sales in March, to 15 units, with a median sales price of $619,000.
Framingham recorded a 77.8% growth in condo sales in March, when compared with the previous March numbers, leading a year to date growth in sales of 35.7% with a median sale price of $227,500 for the year and $227,000 for March. The single-family home numbers were also positive, with 32% growth in March with the median price climbing 18.9% to $563,500.
Southborough saw an increase of 28.6% in single-family home sales in March, carrying the community to a 166.7% increase year-to-date with 24 homes sold. In March, the median sale price rose 11.1% to $750,000.Â
Among the more mixed results, Marlborough’s single-home sales remained steady at 15 homes in March with a slight decline of 6.8% in sales price to a median of $507,500. March condo sales, however, were up 60% to 16 units, although the median price declined by 33.7% to $220,500.
Westborough recorded a 40% increase in single-family home sales in March with an 18.4% increase in price to a median of $635,750. However, condo sales were down sharply, declining 58.3% in March with a price drop of 10.8% to a median of $313,493.
Northborough had a decline in single-family home sales of 36.4% and an associated decline in median home price of 22.4% to $385,000. Condo sales were up by one unit while the median sales price rose 14.8% to $350,000.
Holliston recorded a 41.2% decline in single family home sales to 10 homes, although the price shot up 27.6% in March to a median of $705,000. Condo sales saw one less unit sold with the median sale price declining by 50% to $235,000.Â
Natick recorded an 18.2% decline in single-family home sales to 27 homes in March with an increase of 9.3% to the median price that climbed to $765,000. Condo sales were up by 35.7% to 19 units in March although the median sale price fell 46% to $315,000.Â
Milford’s sales remained steady, with single-family homes declining by 5.3% with one less home sold in March with prices virtually unchanged with a 1.4% increase to a median price of $403,055. Condo sales were similarly steady, with an extra unit sold driving an 11.1% increase in the number sold with the median sale price climbing 36.1% to $340,000.Â
Ashland had sales declines for both homes and condos. The number of sales fell 33.3% to only 6 homes sold in March, while the median price increased by 7.5% to $408,500. Condo sales fell by 46.7% to only eight units, while the median sale price climbed 6% to $404,000.