Hopkinton leads MetroWest growth in March home sales
Photo | Grant Welker
New homes being built at Legacy Farms in Hopkinton
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.
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.
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.
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.
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.
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