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What percentage of MA homes sell above asking price?

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What percentage of MA homes sell above asking price?

44.5% of homes in Massachusetts sold above their asking price. This figure reflects state-wide data tracking all home types. While the percentage remains significantly higher than the national average, it has experienced a minor cool-down compared to previous years. [ Bostonreb.com]
 

Key Market Factors

The state-wide average combines vastly different micro-markets across Massachusetts:
    • Metro-Boston Demand: Suburbs surrounding Boston see a much higher volume of over-asking sales, often pushing past 50% to 60% due to dense professional wealth and severely limited housing inventory. [1, Bostonluxurycondosforsale.com]
    • Bidding Premiums: Across competitive Massachusetts zones, final sale prices frequently average 2% to 4% above list price, with highly desirable standalone properties occasionally commanding premiums of 10% or more. [ Ford Realty Inc., 2, ]
    • Overall Stability: The average sale-to-list price ratio for the entire state sits right at 100.0%. This means that while roughly 45% sell above asking, the remaining homes balance the scale by selling exactly at or slightly below their original targets. [Boston Real Estate Blog, 2]

If you are planning to purchase a home or look at listings, tell me:

    • What cities or neighborhoods in Massachusetts are you targeting?
    • What is your preferred property type (single-family, condo, or townhouse)?

I can provide the localized sale-to-list trends or average premium percentages for those specific areas. Contact John Ford at Ford Realty Inc. We provide discounts for both Boston condo for sale buyers and sellers.

 

 
 
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