Median home prices spike again in MetroWest
Median home prices in the MetroWest region were up in May in some towns.
In another record-breaking month for the median home price in Massachusetts, several MetroWest towns and cities saw big year-over-year increases.
Although the number of home sales in Natick fell by 17.5% between May 2021 and last month, the median sale price was up 30.2%, from $711,000 last year to $926,000 last month. Condo prices were also up 31.9% compared to last year, hitting $697,500 in May.
This data comes from The Warren Group, a Peabody-based real estate data tracking company. Home sales were up 19.1% in Framingham, from 47 last May to 56 in May 2022, and prices increased 9.7%. Condo sales were down 8.3% in Framingham but prices were up 15.3%.
Other towns, however, didn’t see the same skyrocketing home price increases of their neighbors. The median home sale price in Westborough was $745,313, down 1.1% from $753,500 last May. Condo prices actually plummeted 47.2% in Westborough, from $483,000 last May to $255,000 this year.
The median sale price for a home in Marlborough remained flat, at $525,000, while condo prices increased 18.3%.
Statewide, the median home price was up 12.4% between May 2021 and last month, increasing from $525,000 to $590,000. The median condo price hit $525,000, up from $490,000 last year.
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