Average Massachusetts Real Estate Agent Commission Rate

Many local real estate markets throughout the state of Massachusetts are experiencing strong seller markets. Of course, not every city in the state is the same. No matter what the local market is like, it takes the knowledge and expertise of a top performing real estate agent to successfully sell a home for top dollar. Condo sellers in Massachusetts should choose to work with an experienced agent to sell their home fast and for a great price. If you’re curious about commission rates, we have some interesting information.

When it comes to commission rates, 5% is usually the average, but recently I’ve been seeing a wide range of rates, from 3% to 6%, with 5% being the most popular. Commission rates are negotiable, but they are not the only aspect to focus on. So you should interview multiple agents, and make sure you ask detailed questions. The New York Times quoted UpNest (formerly known as LessThan6Percent) CEO Simon Ru regarding how letting agents compete for your business can help drive down commission costs, helping homeowners save thousands when selling their home.

Boston, MA$630,841$6,308
Acton, MA$456,415$6,846
Grafton, MA$352,574$3,526
Marlborough, MA$397,083$3,971
Tewksbury, MA$434,915$4,349
Natick, MA$592,033$5,920
Burlington, MA$561,229$11,225
Milton, MA$788,692$7,887
Quincy, MA$415,975$4,160
Lowell, MA$254,179$2,542

Knowing an what your home is worth is a good first step towards deciding if selling is the right decision for you. Being equipped with the right market knowledge will help you hire the best real estate agent and be ready to counter offer buyer offers when your home is listed for sale.

For more information please call me at 617-595-3712.