Tags: Home prices are on the rise in a broad swath of modestly-priced towns across Greater Boston, even as values are cooling in some of the most expensive suburbs.
A number of towns and small cities with strong blue-collar roots, including Marlborough, Revere and Weymouth, are leaving the $200,000s behind as their median home prices rise into the $300,000s.
Several other suburbs that have traditionally been affordable alternatives are seeing their median prices push deeper into the $300,000s or cross into the $400,000s, such as Woburn and Braintree, according to stats from The Warren Group, publisher of Banker & Tradesman.
The upsurge in pricing may not be all that welcome for middle-class buyers struggling to keep up with an ever more expensive housing market.
But it is good news for homeowners with plans to sell in these towns.
While home prices have been rising for years now in the most expensive suburbs, with barely a pause during the Great Recession, that dynamic appears to be shifting. Prices in some high-end communities are peaking, even as their more moderately priced neighbors take off.
“This is a classic case of a rising tide lifting all boats,” said David Crowley, strategic real estate advisor at One Boston Real Estate.
After years of being bargain choices, a growing number of moderately priced suburbs are now catching up with rest of the Boston area.
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