Cambridge Ranks as Most Expensive Real Estate Market
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Coldwell Banker Real Estate released its 2015 Home Listing Report this week, and Cambridge ranked as the most expensive market in the state. Cambridge was also among the nation’s top 20 most expensive markets, coming in at number 18 behind Honolulu, Hawaii.
Coldwell Banker’s report only analyzes the average listing price of four-bedroom, two-bathroom properties listed on coldwellbanker.com between December of 2014 and June of 2015, which covers a large number of homes in Massachusetts, but definitely narrows the data set.
According to the report, the average listing price of a four-bedroom, two-bathroom home in Massachusetts is $524,844. Check out all 110 towns ranked here, and see the listing of the top ten most expensive markets in the state.
The Most Expensive Markets in Massachusetts
| Rank | Market | Average List Price (4 bedroom, 2 bath) |
|---|---|---|
| 1 | Cambridge | $1,106,991 |
| 2 | Wellesley | $1,091,278 |
| 3 | Winchester | $1,049,739 |
| 4 | Lexington | $983,388 |
| 5 | Cohasset | $967,290 |
| 6 | Concord | $929,193 |
| 7 | Newton | $916,652 |
| 8 | Hingham | $859,600 |
| 9 | Carlisle | $852,126 |
| 10 | Wayland | $837,993 |
Noticeably, Boston is not on the list of most expensive markets. It comes in at number 34, with an average list price of $609,704. New Bedford, just 60 miles from Boston, is the most affordable market in the state with an average list price of $164,723.
