Home sale prices across Massachusetts are up this year. And two of the counties with the biggest jump were in the western part of the state.
In Franklin and Berkshire counties, the median price for single-family homes went up by nearly 8%. That’s according to the Warren Group, which tracks real estate data.
Statewide, the median price for single-family homes was up by less than half as much — at 3.2%.
Warren Group CEO Timothy Warren told NEPR the western Massachusetts region is doing better because of what he described as the area’s “affordability.”
“Homes in western Massachusetts have lower median prices,” he said. “And I think we’re starting to see in Greater Boston, people are losing the ability to pay the inflated prices that we’ve seen, that have grown so much in the last three or four years.”
The median home sale price in Massachusetts over the first nine months of 2019 was an even $400,000, bolstered by a record-setting month of September.
But in all four western Massachusetts counties, median prices were below $300,000: Hampshire at $282,250, Franklin at $220,000, Berkshire at $215,000, and Hampden at $205,000. Worcester County, as well, was at $290,000.
Sales are down this year in 10 of the state's 13 counties, while prices are up across all counties.
Nancy Cohen contributed to this report, which includes information from State House News Service.