The median price for a condominium in Massachusetts is more than that of a single-family house, according to a Boston Globe article.
The Massachusetts Association of Realtors (MAR) reported the median sale of a condo in March was $390,000 compared with $369,950 for a house.
“Today we know that land and square footage might not be the biggest predictor of how much your home is worth,” Rita Coffey, president of the statewide real group and general manager of Century 21 Tullish & Clancy in Weymouth told the Boston Globe. “This is why we see condos in hot neighborhoods selling for more than single-family homes statewide.”
The MAR report also showed condo and home sales are relatively flat year-over-year. House sales are up 1.7%, while condos had no change.