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Worcester named one of the hottest markets in March

by Liz Hughes

Realtor.com’s latest list of hottest real estate markets in the United States includes one Massachusetts city, but it’s not Boston. 

The report found that outlying markets continued to rise in nationwide rankings in March, driven by affordability, despite median listing prices in these markets being 18.9% higher than national home prices.

Located 47 miles west of Boston, Worcester made the site’s top 20 list of Hottest U.S. Real Estate Markets, ranking No. 14. The median list price of a home in Worcester is $395,000. Homes in the city stayed on the market for an average of 30 days, a 29.9% decrease year over year. 

Less than an hour north of Boston, two New Hampshire areas came out on top of the list.

The Manchester-Nashua and Concord areas took the first and second slots. In fact, Realtor.com’s data found Boston accounted for more than 50% of views in the Manchester-Nashua metro area. Homes there sold in under 19 days last month, 10 days faster than a year earlier and 35 days faster than the rest of the country. The median home price was $420,000, and while that’s up 8.4% from 2020 and above the national median price, it’s still more affordable than Boston, where the median list price hovered around $700,000 in March.

Realtor.com’s Market Hotness rankings take into account market demand and the pace of the market based on the number of days a listing remains active.

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