Where can the lowest-priced South Shore homes be found? The highest? We have the numbers
It's tough out there for a prospective homebuyer.
Mortgage rates have gone up from pandemic lows. The lack of new homes being built coupled with homeowners avoiding putting their properties up for sale are contributing to a low inventory.
Plus, inflation is making everything more expensive.
The median sale price of homes on the South Shore and across Massachusetts continues to rise, though not quite as spectacularly as it did at the start of the COVID-19 pandemic, when low interest rates and the prospect of working from home for an undetermined period of time fueled a home-buying frenzy.
More: Are home prices dropping in Massachusetts? No way. Prices still going up, up, up
Fewer homes are being sold year over year, but the median sale price keeps ticking up, according to data from The Warren Group, which tracks real estate and financial information.
We took a look at the South Shore communities with the least and most expensive median home sale prices relative to their neighbors as of August 2023. Here's what we found.
South Shore communities with the least expensive home sale prices
Hanson: $470,000 (57 sales)
Rockland: $480,000 (66 sales)
Whitman: $487,225 (74 sales)
Randolph: $504,900 (121 sales)
Carver: $522,500 (54 sales)
South Shore communities with the most expensive home sale prices
Cohasset: $1,562,500 (54 sales; the town crossed the $1 million median home sale threshold in 2020)
Duxbury: $1,200,500 (82 sales; the town crossed the $1 million median home sale threshold this year)
Hingham: $1,200,000 (137 sales; the town crossed the $1 million median home sale threshold in 2021)
Milton: $925,000 (129 sales)
Norwell: $887,000 (76 sales)
South Shore communities with least expensive condo sale prices
Marshfield: $275,500 (34 sales)
Kingston: $288,300 (7 sales)
Weymouth: $325,000 (99 sales)
Randolph: $361,900 (46 sales)
Rockland: $379,000 (33 sales)
South Shore communities with most expensive condo sale prices
Cohasset: $911,500 (8 sales)
Norwell: $820,000 (8 sales)
Milton: $765,000 (22 sales)
Hingham: $759,000 (46 sales)
Hanover: $675,000 (12 sales)
More: What are the South Shore's priciest homes on the market right now?
Most home sales on the South Shore as of August 2023
Plymouth: 355
Weymouth: 242
Quincy: 232
Marshfield: 162
Braintree: 155
Most condo sales on the South Shore as of August 2023
Quincy: 259
Plymouth: 178
Weymouth: 99
Braintree: 52
Hingham and Randolph tied: 46
Hannah Morse covers growth and development for The Patriot Ledger. Contact her at hmorse@patriotledger.com.
This article originally appeared on The Patriot Ledger: Where are the most and least expensive South Shore homes being sold?