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Massachusetts Home Sales February 2023

$3 Million in Home Sales Graph

The first graph displays the geographic distribution of single-families that have sold over $3 million during the 12 months ending February 28, 2023. In that time period, 398 single-family properties were conveyed over $3 million (excluding houses on Cape Cod and Islands and in the Berkshires) in Massachusetts.

Forty-two cities and towns are represented on the graph. (The data for Boston are only for single-family townhouses.) Brookline and Newton, combined, account for 26% of sales over $3 million – more than 1 in 4.

What is NOT reflected in this graph are the condos sold over $3 million. In this same time period – the last 12 months – 163 condos in this price range were conveyed in these communities. Of these, 149 were in Boston, 10 were in Cambridge, 2 were in Brookline, and 2 were in Weston.

$4 Million in Home Sales Graph

Also presented is a graph showing the same time period, but for sales over $4 million. Interesting to note how quickly the number of sales drops off: 398 from $3 million to the top price in Massachusetts vs. just 158 from $4 million to the top price. It’s remarkable that 69% of all sales over $4 million occurred in the top 6 towns – Boston, Brookline, Cambridge, Newton, Wellesley, and Weston. All in close proximity to the jobs and amenities of downtown Boston.

Please reach out to your Hammond agent for additional information about the Greater Boston residential real estate market.

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