Cities with the fastest-growing home prices in Massachusetts

Written by:
November 21, 2024
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Cities with the fastest-growing home prices in Massachusetts

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in Massachusetts using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending November 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Massachusetts.

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#50. Stoneham

- Typical home value: $761,374
- 1-year price change: +$41,578 (+5.8%)
- 5-year price change: +$210,666 (+38.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#49. Groveland

- Typical home value: $667,111
- 1-year price change: +$41,913 (+6.7%)
- 5-year price change: +$229,348 (+52.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#48. Chelmsford

- Typical home value: $655,488
- 1-year price change: +$41,998 (+6.8%)
- 5-year price change: +$224,967 (+52.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#47. Swampscott

- Typical home value: $787,753
- 1-year price change: +$42,017 (+5.6%)
- 5-year price change: +$261,945 (+49.8%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#46. Hopkinton

- Typical home value: $906,876
- 1-year price change: +$42,047 (+4.9%)
- 5-year price change: +$310,243 (+52.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#45. Marblehead

- Typical home value: $985,679
- 1-year price change: +$42,427 (+4.5%)
- 5-year price change: +$319,043 (+47.9%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#44. Medway

- Typical home value: $683,699
- 1-year price change: +$42,513 (+6.6%)
- 5-year price change: +$223,104 (+48.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#43. Edgartown

- Typical home value: $1,797,145
- 1-year price change: +$42,927 (+2.4%)
- 5-year price change: +$750,439 (+71.7%)
- Metro area: Vineyard Haven, MA

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#42. Nahant

- Typical home value: $920,688
- 1-year price change: +$43,044 (+4.9%)
- 5-year price change: +$363,553 (+65.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#41. Natick

- Typical home value: $866,179
- 1-year price change: +$43,175 (+5.2%)
- 5-year price change: +$269,266 (+45.1%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#40. Boxford

- Typical home value: $994,032
- 1-year price change: +$43,241 (+4.5%)
- 5-year price change: +$347,078 (+53.6%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#39. Orleans

- Typical home value: $1,055,260
- 1-year price change: +$44,176 (+4.4%)
- 5-year price change: +$420,482 (+66.2%)
- Metro area: Barnstable Town, MA

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#38. Duxbury

- Typical home value: $1,030,123
- 1-year price change: +$44,301 (+4.5%)
- 5-year price change: +$408,668 (+65.8%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#37. Medford

- Typical home value: $803,673
- 1-year price change: +$44,425 (+5.9%)
- 5-year price change: +$203,325 (+33.9%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#36. Reading

- Typical home value: $859,432
- 1-year price change: +$44,631 (+5.5%)
- 5-year price change: +$270,656 (+46.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#35. Essex

- Typical home value: $873,635
- 1-year price change: +$44,893 (+5.4%)
- 5-year price change: +$328,480 (+60.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#34. Sharon

- Typical home value: $836,346
- 1-year price change: +$45,076 (+5.7%)
- 5-year price change: +$268,260 (+47.2%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#33. Newburyport

- Typical home value: $868,333
- 1-year price change: +$45,088 (+5.5%)
- 5-year price change: +$314,368 (+56.7%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#32. Bolton

- Typical home value: $860,722
- 1-year price change: +$45,501 (+5.6%)
- 5-year price change: +$306,511 (+55.3%)
- Metro area: Worcester, MA-CT

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#31. Acton

- Typical home value: $857,459
- 1-year price change: +$46,857 (+5.8%)
- 5-year price change: +$294,829 (+52.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#30. Andover

- Typical home value: $941,923
- 1-year price change: +$50,474 (+5.7%)
- 5-year price change: +$327,927 (+53.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#29. Westwood

- Typical home value: $1,130,841
- 1-year price change: +$50,883 (+4.7%)
- 5-year price change: +$396,497 (+54.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#28. Norwell

- Typical home value: $954,266
- 1-year price change: +$51,313 (+5.7%)
- 5-year price change: +$335,955 (+54.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#27. Lexington

- Typical home value: $1,495,500
- 1-year price change: +$52,285 (+3.6%)
- 5-year price change: +$468,979 (+45.7%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#26. Manchester

- Typical home value: $1,271,931
- 1-year price change: +$53,376 (+4.4%)
- 5-year price change: +$464,248 (+57.5%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#25. Lynnfield

- Typical home value: $1,031,363
- 1-year price change: +$55,377 (+5.7%)
- 5-year price change: +$361,944 (+54.1%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#24. Woods Hole

- Typical home value: $1,374,448
- 1-year price change: +$56,388 (+4.3%)
- 5-year price change: +$628,181 (+84.2%)
- Metro area: Barnstable Town, MA

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#23. Newbury

- Typical home value: $875,557
- 1-year price change: +$57,203 (+7.0%)
- 5-year price change: +$329,461 (+60.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#22. Milton

- Typical home value: $1,010,752
- 1-year price change: +$57,384 (+6.0%)
- 5-year price change: +$303,974 (+43.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#21. Medfield

- Typical home value: $1,006,680
- 1-year price change: +$57,482 (+6.1%)
- 5-year price change: +$341,775 (+51.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#20. Sudbury

- Typical home value: $1,114,790
- 1-year price change: +$57,606 (+5.4%)
- 5-year price change: +$396,763 (+55.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#19. Hingham

- Typical home value: $1,228,795
- 1-year price change: +$58,030 (+5.0%)
- 5-year price change: +$441,037 (+56.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#18. Oak Bluffs

- Typical home value: $1,183,101
- 1-year price change: +$58,489 (+5.2%)
- 5-year price change: +$499,543 (+73.1%)
- Metro area: Vineyard Haven, MA

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#17. Newton

- Typical home value: $1,451,038
- 1-year price change: +$58,602 (+4.2%)
- 5-year price change: +$413,696 (+39.9%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#16. Winchester

- Typical home value: $1,472,900
- 1-year price change: +$60,051 (+4.3%)
- 5-year price change: +$444,944 (+43.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#15. Carlisle

- Typical home value: $1,289,161
- 1-year price change: +$60,908 (+5.0%)
- 5-year price change: +$470,968 (+57.6%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#14. Provincetown

- Typical home value: $1,011,715
- 1-year price change: +$61,525 (+6.5%)
- 5-year price change: +$368,883 (+57.4%)
- Metro area: Barnstable Town, MA

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#13. Wayland

- Typical home value: $1,112,525
- 1-year price change: +$62,343 (+5.9%)
- 5-year price change: +$389,132 (+53.8%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#12. Cohasset

- Typical home value: $1,327,752
- 1-year price change: +$62,348 (+4.9%)
- 5-year price change: +$485,747 (+57.7%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#11. Belmont

- Typical home value: $1,421,182
- 1-year price change: +$63,363 (+4.7%)
- 5-year price change: +$415,740 (+41.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#10. West Newbury

- Typical home value: $907,853
- 1-year price change: +$64,892 (+7.7%)
- 5-year price change: +$327,385 (+56.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#9. Concord

- Typical home value: $1,375,011
- 1-year price change: +$66,217 (+5.1%)
- 5-year price change: +$498,303 (+56.8%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#8. Sherborn

- Typical home value: $1,185,103
- 1-year price change: +$67,643 (+6.1%)
- 5-year price change: +$381,072 (+47.4%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#7. Dover

- Typical home value: $1,675,133
- 1-year price change: +$74,143 (+4.6%)
- 5-year price change: +$532,626 (+46.6%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#6. Wenham

- Typical home value: $977,986
- 1-year price change: +$74,373 (+8.2%)
- 5-year price change: +$361,579 (+58.7%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#5. Needham

- Typical home value: $1,437,845
- 1-year price change: +$74,834 (+5.5%)
- 5-year price change: +$505,827 (+54.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#4. West Tisbury

- Typical home value: $1,584,959
- 1-year price change: +$95,545 (+6.4%)
- 5-year price change: +$701,335 (+79.4%)
- Metro area: Vineyard Haven, MA

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#3. Weston

- Typical home value: $2,131,614
- 1-year price change: +$114,015 (+5.7%)
- 5-year price change: +$807,416 (+61.0%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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#2. Nantucket

- Typical home value: $2,745,045
- 1-year price change: +$117,571 (+4.5%)
- 5-year price change: +$971,436 (+54.8%)
- Metro area: not in a metro area

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#1. Wellesley

- Typical home value: $1,890,686
- 1-year price change: +$119,158 (+6.7%)
- 5-year price change: +$641,034 (+51.3%)
- Metro area: Boston-Cambridge-Newton, MA-NH

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