25 Hottest Towns in Massachusetts Q1 2013
We ran a report to find the hottest towns in Massachusetts! We compiled data provided by The Warren Group that compared home sales for the first quarter of 2013 to home sales for the same period in 2012. The report showed the largest increases in the median home selling prices, a factor which we use to determine whether a town is becoming a sought after location for homeowners. Towns had to have a minimum of 25 home sales and double digit median selling price increases for the first quarter of 2013 to be considered for the list. We saw two trends this quarter that positively affected home prices for these towns: the first one was that there was an increase in new construction home sales and the second was there were fewer foreclosures.
Here is a list of the 25 most popular towns in Massachusetts Real Estate this spring:
Top 10 Towns
Acton is the town that enjoyed the biggest increase in home prices. Acton is a suburban community located 25 miles northwest of Boston. Acton’s population has increased 7.8% since 2000. In 2011 Acton made Money Magazine’s Best Places to Live in America. Many of the home sales in Acton for the first quarter were new construction. The median price for a home in Acton was $400,000, an increase of almost 63% over last year.
Whitinsville is a village within the town of Northbridge located about an hour from Boston. Whitinsville’s public schools have a high student to teacher ratio, and the town has enjoyed population growth of 5% since 2000. Like Acton, a large percentage of the home sales this quarter were new construction. Homes in Whitinsville sold for $185,000, a 61% increase over Q1 of last year.
The city of Gardner comes in third with a 59% increase in home prices. In recent years Gardner had been affected by the economic downturn but this is a good sign the city is recovering. Gardner is also known as the “Chair City” due to its long history in furniture production. Gardner is home to Mount Wachusett Community College and Dunn State Park and has a population of 20,293, an increase of 2% compared to 2000. Gardner is less than an hour drive to Worcester and is very affordable with the median selling price for a home going for $135,000.
Roxbury is a diverse neighborhood in Boston and is home to Roxbury Community College and the Franklin Park Zoo. New construction is going on in Roxbury and neighborhoods are improving. The newly restored Roxbury Center for the Arts, Culture, and Trade serves the community through the visual and performance arts. Roxbury has been chosen one of the locations for Fox 25 Morning News Zip Trips in 2013. Homes in Roxbury sold for $462,000, an increase of 53% compared to last year.
Wrentham is a family oriented community about 45 minutes southwest of Boston and is home to the Wrentham Village Premium Outlets. Wrentham has easy access to Gillette Stadium and Cape Cod. Wrentham has three lakes, substantial conservation land and open space, and has small town New England charm. The median home price in Wrentham is $360,000, an increase of 43% compared to the first quarter in 2012.
The town of Dudley is located near the border of Connecticut in southern Worcester County. The population in Dudley has increased 9% since 2000, has easy access to interstate 395, and is the home of Nichols College. Dudley home prices increased 41% in the first quarter of this year compared to last year, to a median price of $180,000.
The town of Sudbury is known for its excellent schools, proximity to Boston, and rural character. Sudbury is home to Longfellow’s Wayside Inn, the oldest operating inn within the U.S. The population in Sudbury has increased 4.6% to 17,659 compared to 16,841 in 2000. Sudbury was a finalist for one of Money Magazine’s Best Places to Live in 2011. Home prices in Sudbury increased 41% compared to last year to a median price of $685,000, the highest home prices of all towns on this list.
Medway is a residential community in Norfolk County conveniently located close to route 109 and interstate 495 and is less than an hour drive to Boston. Medway is a Green Community that supports efforts to become more sustainable through clean energy technologies and practices. Home prices in the first quarter in Medway increased 37.69% compared to the same period in 2012. The median price for a home in Medway was $358,000 compared to $260,000 in 2012.
Southborough is located in Worcester County between Framingham and Marlborough. Southborough is an ideal town for commuters because of its easy access to major routes 495 and the Mass Pike and a stop on the Framingham/Worcester line to Boston. Southborough has substantial open space, hiking trails and golf courses. The population in Southborough has increased 10% since 2000.
Seekonk rounds out our Top 10 list with a 34% increase in median home prices at $230,000 compared to $172,146 in 2012. Seekonk is located in southeastern Massachusetts just minutes from Providence, Rhode Island and about an hour drive from Boston. Seekonk is home to the Seekonk Speedway as well as three golf courses. The population of Seekonk is 13,722.
Here are the rest of the hottest towns in Massachusetts ranked 11-25
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