Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

February 10, 2007

Median Home Prices

by @ 5:44 am. Filed under Statistics, Real Estate

The median price of a single family home in Massachusetts fell nearly 6% from 2005 to 2006. Today’s Globe (that’s “Saturday”, since I missed posting yesterday) contains a story comparing median home prices from community to community. The story’s conclusion is that home prices vary widely from community to community, with even neighboring towns showing wide discrepencies in prices. More useful, perhaps, is an interactive map that appears on the Globe’s website (use the above link to find the story then scroll down until you see “Interactive Graphic: up or down?” and click on it). All you do is position your mouse over a town on a map of Massachusetts and a data box magically appears showing you the name of the town, the percentage change of the median single family home price and the actual price in 2005 and 2006. Here’s what I found for the communities in the Middlesex North Registry District:
Billerica: Median home price declined 8.8%, from $369,900 to $337,187
Carlisle: Median home price increased 0.2%, from $828,440 to $830,500
Chelmsford: Median home price declined 0.3%, from $370,000 to $368,750
Dracut: Median home price declined 2.5%, from $307,600 to $300,000
Dunstable: not enough sales (50) to make the comparison
Lowell: Median home price declined 4.0%, from $265,500 to $255,000
Tewksbury: Median home price declined 6.9%, from $376,000 to $350,000
Tyngsborough: Median home price declined 0.7%, from $360,000 to $357,000
Westford: Median home price declined 15.0% from $500,000 to $425,000
Wilmington: Median home price declined 1.7%, from $374,750 to $368,450.

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