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Carolyn Kruse

2 Massachusetts Cities Rank As 2024’s Top Housing Markets

Author Carolyn Kruse

Are you living in town that’s predicted to be a hot market next year? You could be. Let’s unlock the door and find out what 2 Massachusetts cities rank as 2024’s top housing markets!

What makes an area a top housing market? According to this report from Realtor.com, it’s affordability and market growth. Specifically, the reports shows “sales growth is the main propellant for top housing markets in 2024, with price growth also contributing, but generally to a lesser degree.”

This nationwide study reveals that most market growth and rebounds next year will be in the west, primarily California. But, Realtor.com did note that 8metros are “predicted to break double-digit sales growth in 2024.” Those markets include one Massachusetts city! The others were in Oxnard, Riverside, Bakersfield, Sacramento and San Diego, California. Plus Toledo, Ohio.

So, what are the 2 Massachusetts cities that rank as 2024’s top housing markets? Drum roll please…And the winners are Springfield and Worcester. Springfield is the #7 top town, while Worcester comes in at #8. That’s exciting for current homeowners, who property values will likely increase exponentially. The report says the Worcester market should grow by an impressive 9.1 percent next year. Meanwhile, the median home value in the Woo should increase by 4.8%. It’s a hot market!

In Springfield, the Realtor.com report demonstrates a huge 10.5% growth, with median prices expected to rise by 4.2%. By the way, the median home price in Worcester wasĀ $414,280 last month, according to Rockethomes.com. That’s up 6.9% from last year. In Springfield the average home price was $274,056 for November. That is up 5.7% from last year. Compare our Massachusetts towns to the rest of the pack.

Here are the Top 10 predicted Housing Markets for 2024:

  1. Toledo, OH
  2. Oxnard-Thousand Oaks-Ventura, CA
  3. Rochester, NY
  4. San Diego-Chula Vista-Carlsbad, CA
  5. Riverside-San Bernardino-Ontario, CA
  6. Bakersfield, CA
  7. Springfield, MA
  8. Worcester, MA-CT
  9. Grand Rapids-Kentwood, MI
  10. Los Angeles-Long Beach-Anaheim, CA

 

RELATED:

Massachusetts Home Rentals More Than TWICE the National Average! Here's MA's Cheapest Towns to Rent in

  • 5. Canton

    Canton is the 5th cheapest place to rent in Massachusetts. The average house goes on the market for $772,400 and the average rent is $1,757.

  • 4. Burlington

    Burlington is the 4th cheapest place to rent in Massachusetts. The average house goes on the market for $774,450 and the average rent is $1,960.

  • 3. Shrewsbury

    Shrewsbury is the 3rd cheapest place to rent in Massachusetts. The average house goes on the market for $529,900 and the average rent is $1,371.

  • 2. Sunderland

    Sunderland is the 2nd cheapest place to rent in Massachusetts. The average house goes on the market for $384,115 and the average rent is $1,456.

  • 1. Westborough

    Westborough is the #1 cheapest place to rent in Massachusetts. The average house goes on the market for $473,950 and the average rent is $1,663.

  • To see 6-10 on the list...

    … and more info and stats, CLICK HERE! And thanks to Fast Expert for sharing the great info.

Born and raised at Country 1025. Carolyn is a concert-lovinā€™ country music fan. Plus, an avid New England sports fan. Count Kruser in for standup comedy, movies, and cosmos, but family is #1 for her. Wife, mother of 2- plus Zoey the dog, unpaid cook, cleaner and organizer of chaos. Kruser likes to write about country music, New England lifestyle and trending topics.

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