Real estate markets North of Boston and throughout Massachusetts have experienced soaring buyer demand. As home sale prices reached new highs, Massachusetts homeowners gained an average of $31,200 in home equity from 2019 to 2020.
In communities North of Boston, many homeowners are seeing equity gains far better than the Massachusetts average. Take a look at these examples for Winchester, Lexington, Arlington and Medford!

Home price appreciation North of Boston

Winchester home price gains
Winchester Home Price Gains
In 2019, the average sales price of a Winchester home was $1,275,786. The average sales price of a Winchester home in early 2021 was $1,413,158, reflecting an average price increase of 10.52%, or $137,372, in the span of two years. Had you bought a Winchester home during 2011 for the average sale price of $822,349, you would have a 71.8% gain in value today!

Lexington home price gains
Lexington Home Price Gains
In 2019, the average sales price of a Lexington home was $1,338,914. The average sales price of a Lexington home in early 2021 was $1,684,245, reflecting an average price increase of 25.79%, or $345,331, in the span of two years. Had you bought a Lexington home during 2011 for the average sale price of $864,161, you would have a 94.89% gain in value today!

Arlington home price gains
Arlington Home Price Gains
In 2019, the average sales price of an Arlington home was $916,393. The average sales price of an Arlington home in early 2021 was $1,060,283, reflecting an average price increase of 15.70%, or $143,890, in the span of two years. Had you bought an Arlington home during 2011 for the average sale price of $546,539, you would have a 93.99% gain in value today!

Medford home price gains
Medford Home Price Gains
In 2019, the average sales price of a Medford home was $656,173. The average sales price of a Medford home in early 2021 was $778,218, reflecting an average price increase of 18.59%, or $122,045 in the span of two years. Had you bought a Medford home during 2011 for the average sale price of $354,958, you would have a 119.24% gain in value today!

Other communities North of Boston also had impressive home price growth. Here’s a quick list of 2021 average sales prices through the first half of the year click on the community for the 25-year price chart.

Belmont $1,611,574
Melrose $802,318
Reading $761,608
Woburn $632,528
Somerville $1,028,276
Stoneham $680,702

Your home equity could be substantial! Find out where your home value stands today by obtaining a professional market value analysis. We provide this to you without cost or obligation. Contact us today for your complimentary, confidential market value consultation.

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