Comprehensive MLS data for Massachusetts, Boston, Essex County, and Greater Newburyport — tracking 13 years of market shifts from 2014 to the trailing 12 months ending —.
Year-over-year changes (—→—) with 5-year trend · Trailing 12 months ending —
Massachusetts home prices remain elevated not because demand is exceptionally strong, but because supply remains constrained. Statewide closings are — year over year and — against 2014, with months of supply at — against the 4–6 months a balanced market implies.
Limited land, restrictive zoning, high construction costs, and slow new-home building have kept inventory far below demand for decades — especially on the North Shore and in Greater Boston. This persistent imbalance is the foundation of long-term price growth.
Extended low interest rates and large-scale mortgage purchases (QE) significantly increased buying power, particularly from 2020–2022. Tax incentives like the mortgage interest deduction further raise what buyers can afford, with much of that benefit capitalized into higher home prices rather than improved affordability.
Essex County months of supply stands at —, with days on market —; Newburyport is at — with —. Statewide supply is —. Months of supply is published for the current trailing window only, so it is shown as a level rather than a year-over-year change. Many homeowners remain locked into ultra-low mortgage rates, limiting new listings and preventing a meaningful supply rebound.
Home prices are — their 2014 level (—), driven primarily by structural supply constraints, amplified by policy-driven demand, and sustained by limited inventory even in a higher-rate environment.
Single-family residential · YoY + 5-year view
Urban core · YoY + 5-year view
North Shore · YoY + 5-year view
Newburyport, West Newbury, Newbury, Rowley, Salisbury, Amesbury
| Town | Sale Price | $/SqFt | DOM | Units (12mo) | Months Supply | YoY % |
|---|
Newburyport is refreshed daily from MLS PIN. The other five towns are not in the updater's scope: their figures are a hand-kept snapshot as of — and are marked as of in the table.
Historic coastal community · YoY + 5-year view
Single Family vs. Condominium vs. Multi-Family — MLS PIN, trailing 12 months ending —. 5-year view across MA, Boston, Essex County, Newburyport.
| Market | Property Type | Avg Price | $/SqFt | DOM | 12-Mo Units | Months Supply |
|---|
Share of single-family sales at each price point — past 5 years + current YTD. MLS PIN.
| Bracket | — | — | — | — | — | — | Shift |
|---|
Single-family residential closings only. Greater Newburyport = Newburyport, Amesbury, Salisbury, Newbury, Rowley, West Newbury. Source: MLS PIN via Bridge Data Output.
Massachusetts home prices, 1987–today. Nominal vs. inflation-adjusted (today's dollars). FRED.
Sources: S&P/Case-Shiller MA-Boston Home Price Index (BOXRSA, monthly), FHFA All-Transactions MA HPI (MASTHPI, quarterly), CPI-U All Items (CUUR0000SA0). All series rebased to Jan-2000 = 100. Real = nominal deflated by CPI to current dollars.
Income requirements at standard lending criteria — 30-yr fixed @ 6.5%, 20% down, 28% DTI
| Market | Price | Down | Monthly | Income | Median | Gap |
|---|
—. MA Median: —
Above median income required.
—× median annual income.
Above state average.
Balanced market = 4–6 months.
Every figure on this page is listed with its source in the Housing & Real Estate section of the method.