How to buy a home in Massachusetts

Massachusetts is famous for its historic charm, walkable towns, and higher education, drawing homebuyers who want a blend of New England character and big-city opportunity. From Boston’s iconic neighborhoods to coastal communities and leafy suburbs, the state offers a wide range of cities to choose from.

Whether you’re moving from nearby or relocating from another state, buying a home in Massachusetts comes with its own set of considerations, from higher prices to working with a real estate attorney. Here’s what to know so you can feel confident, informed, and ready at every step.

A quick glance at Massachusetts’ housing market

Massachusetts’ market is generally more expensive than the national average, which is $439,869, though price varies depending on the region. Here’s an overview of the Massachusetts housing market, as of October 2025. 

Massachusetts real estate market trends

Before you start house hunting, it’s a good idea to understand the housing market in Massachusetts and how home prices can vary throughout the state.

Home prices

The median home sale price in Massachusetts is significantly higher than the national median, per Redfin’s October housing market data. However, there are still plenty of affordable places and homes to choose from throughout the state. 

For example, cities like Worcester and Springfield have median home prices below the national average. You can use the Rocket Mortgage home affordability calculator to estimate how much you can afford in different areas.

Housing demand vs. inventory

Massachusetts has wide-ranging job opportunities, with popular industries including information technology, financial services, and life sciences. The state’s historic feel, waterfront cities, and charming mountain towns appeal to those looking for endless adventure.

Home prices in Massachusetts have increased 3.6% compared to last year, indicating higher home values in home areas. However, some regions are experiencing a housing shortage, which has contributed to increasing prices. The good news is that each city’s housing market is different. So it’s important to work with an experienced agent who can help you navigate the local market.

Home buying seasons

Home sales in Massachusetts primarily peak during the spring and summer months, with more available listings and buyers. Buying a home in the early fall to winter months could leave you with less competition and lower prices. However, depending on the local market, there could be fewer homes for sale during the off-season. There’s no universal best time to buy a house, as it depends on your personal goals. 

Top places to buy a home in Massachusetts

If you’re wondering where you should live in Massachusetts, here are six popular places to consider. 

Boston

Boston is Massachusetts’ historic capital, set along the Massachusetts Bay. Home to top-tier universities, healthcare, finance, and tech industries, and a walkable downtown area surrounded by historic buildings, Boston is a great place to live. From its thriving arts scene and waterfront activities to the city’s iconic New England charm, Boston attracts potential home buyers nationwide.

• Population: 675,600*
• Median household income: $97,791*
• Median home sale price: $825,000

*United States Census Bureau 

Worcester

Worcester is known for its arts scene, home to the Worcester Art Museum and the Hanover Theatre. Worcester’s higher-education opportunities, healthcare careers, and lively downtown make it a great place for home buyers looking for career growth and a dynamic community feel. The city’s many parks, nearby lakes, and central Massachusetts location contribute to its appeal for prospective residents.

• Population: 206,500*
• Median household income: $71,042*
• Median home sale price: $432,500

*United States Census Bureau 

Springfield

Springfield’s location along the Connecticut River has made the city a regional center for business, culture, and recreation. The city’s central location provides easy access to nearby communities like Chicopee, West Springfield, and Holyoke. Living in Springfield gives residents plenty of outdoor activities, higher education opportunities, and unique museums, like the Naismith Basketball Hall of Fame and the Springfield Armory National Historic Site.

• Population: 155,900*
• Median household income: $57,384*
• Median home sale price: $317,500

*United States Census Bureau

Cambridge

Cambridge is located just outside of Boston and is the home of Harvard University and MIT. This historic city is a great option for those working in the educational or research sector. While significantly more expensive than other areas of Massachusetts, you can find affordable suburbs nearby, like Waltham or Medford.

• Population: 118,400*
• Median household income: $143,108*
• Median home sale price: $1,309,000

*United States Census Bureau 

Lowell

Lowell is one of the historic mill cities in the Merrimack Valley, close to nearby communities like Dracut, Chelmsford, and Tewksbury. The area is surrounded by riverside trails and cultural landmarks, making it a popular place for kayaking, biking, and exploring local museums. Lowell has an expanding tech industry, making it an appealing choice for those looking to relocate for new career opportunities.

• Population: 115,500*
• Median household income: $82,956*
• Median home sale price: $475,000

*United States Census Bureau 

Brockton

Brockton is a popular Boston suburb, located south of the city. The home prices in Brockton are often more affordable than those in Boston. For buyers looking for an affordable area that is within commuting distance to Boston, Brockton is a top choice to consider. 

• Population: 105,600*
• Median household income: $75,210*
• Median home sale price: $550,000

*United States Census Bureau 

Steps for buying a house in Massachusetts

Now that you know about Massachusetts' housing market, we’ll guide you through the steps of buying a house in the state.

1. Prepare your finances

The first step when buying a house is to prepare your finances, check your credit score, and set your budget. You want to know that you have enough funds to cover a down payment and closing costs.

• Determine your budget by using a mortgage calculator to see how much you can afford in different cities.
• Check your credit score
• Learn your debt-to-income ratio
• Save for a down payment 
• Plan for closing costs

2. Explore mortgage options

There are various home loans available if you’re buying a home in Massachusetts.

• Conforming conventional loans. These loans are offered by private lenders, who typically require a minimum 3% down payment. If your down payment is lower than 20%, you’ll have to pay private mortgage insurance (PMI).
• Jumbo loans. These conventional loans exceed conforming loan limits. They typically require a higher down payment, credit score, and additional cash reserves. 
• FHA loans. This is a government-backed loan through the Federal Housing Administration and offers lower down payments depending on your credit score. 
• VA loans. Backed by the Department of Veterans Affairs, these loans are for qualifying service members and surviving spouses and require no down payment.
• USDA loans. Backed by the U.S. Department of Agriculture, these loans are for home buyers in qualifying rural areas, with no down payment requirement. The USDA releases an updated map each year showing which areas are eligible. 

Massachusetts also offers first-time home buyer loans and down payment assistance programs through MassHousing and the Massachusetts Housing Partnership. If you qualify for one of these programs, it could reduce your down payment amount or closing costs, making it easier to buy your first home. Keep in mind that not all lenders accept all programs. 

3. Get preapproved

A mortgage preapproval helps determine how much you can borrow for a home. Getting a preapproval at the beginning of your home search can help you stand out in a competitive market. 

Lenders look at your credit score, income, and assets to determine what loans you could qualify for, current interest rates in Massachusetts, and overall loan terms. The process typically takes only a few days. 

4. Find a reputable Massachusetts real estate agent

A knowledgeable local agent is key in Massachusetts, especially in areas where historic preservation districts, flood zones, and insurance requirements can affect your buying process.

There are plenty of ways to find a real estate agent, such as on Redfin.com. Be sure to look for a buyer’s agent to represent you. In Massachusetts, dual agency is allowed if both parties have written consent. Dual agency allows one agent to represent both buyers and sellers in the transaction. Be sure to ask your agent before signing a buyer's agent agreement. 

5. Start shopping for homes in Massachusetts

Once you’ve narrowed down your search to an area that fits you and your family’s needs, it’s time to begin looking at homes for sale. 

You and your real estate agent should work together to find listings on the MLS and sites like Redfin, and attend open houses.

Key factors to consider:

• Proximity of the neighborhood to schools, jobs, and amenities
• Public transit, major roads, and highways
• HOA fees and potential costs
• Costs of property taxes in the city

6. Make an offer and negotiate

Your real estate agent will guide you through making an offer on a house in Massachusetts. You’ll need to decide how much to offer, what contingencies to include, and the earnest money deposit amount. Earnest money shows you’re serious about buying the home. It’s usually 1% – 3% of the home price that’s applied to your down payment later.

Your offer might be accepted or rejected, or you might need to negotiate. Keep in mind that you don’t have to negotiate the home’s purchase price; you can negotiate seller concessions, contingencies, or change the closing date. 

7. Proceed to close on your Massachusetts home

Once your offer is accepted, you’ll:

• Submit your earnest money deposit
• Apply for your mortgage
• Schedule your home inspection and appraisal
• Review your Closing Disclosure
• Prepare for closing day

Closing costs often range from 3% – 6% of the purchase price in Massachusetts. Closing costs typically include escrow fees, home insurance, possible property taxes, home inspection fees, and loan origination fees. 

In Massachusetts, it’s required that a real estate attorney conduct the closing process and be present on closing day. A real estate attorney typically works for the loan officer and prepares the closing documents. You can also hire a real estate attorney to represent you and help you review the closing documents.

FAQ about home buying in Massachusetts

Now that you know how to buy a house in Massachusetts, here are some of the top frequently asked questions about the process. 

Can I buy a house in Massachusetts if I have bad credit?

Yes. An FHA loan may be an option if your credit needs improvement. Just keep in mind that lower credit scores could potentially lead to higher interest rates, a higher down payment, and fewer loan options.

Is buying a home in Massachusetts a good investment?

Massachusetts' convenient East Coast location, beautiful waterfront cities, and job opportunities could make it a good investment for you. Keep in mind that some areas can be more expensive to buy a home. 

How much are property taxes in Massachusetts?

On average, the effective property tax rate in Massachusetts is 1.11%; however, local rates can vary by city and county. 

Are there any specific factors that could affect the home buying process in Massachusetts?

In Massachusetts, a real estate attorney is required to be present at closing. Additionally, your lender could require you to carry flood if the home is located in a flood zone.

How long does it take to buy a house in Massachusetts?

After your offer is accepted, it typically takes about 30 to 60 days to close on a home. Other factors, like home inspection issues and loan approval, can impact this timeline.

The bottom line: The Bay State has a home for you

Massachusetts has a variety of job opportunities, centrally located cities, affordable suburbs, and outdoor recreation. While home prices are higher than the national average, the state still attracts home buyers from near and far. Working with an experienced Massachusetts real estate agent can help you through the nuances of buying a home and find the right city to live in. 

If you’re ready to buy a home in the Bay State, start the mortgage approval process with Rocket Mortgage® for a personalized plan that fits your financial goals.

Rocket Mortgage is a VA-approved lender, not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

Rocket Mortgage is not acting on behalf of FHA or HUD.

The 3% down payment option is only available on certain conventional loan products and is not available in all states. Additional terms and conditions may apply.

This article is for informational purposes only and is not intended to provide financial, investment, or tax advice. You should consult a qualified financial or tax professional before making decisions regarding your retirement funds or mortgage.