Cohasset, MA Real Estate
Tracking down real estate in Cohasset, MA, can feel like an uphill battle. With high home values, large homes and a relatively small inventory of residential properties, zeroing in on what you need can be a real challenge. When seeking out single-family homes, townhomes, condos or apartments in a place like Cohasset, it pays to arm yourself with as many resources as possible. The quickest and best way to do that is by connecting with Boston City Properties. We maintain one of the most comprehensive online databases of searchable MA real estate listings, and we’ll give you free access right now.
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What makes our MA real estate database so special? For one thing, it’s updated continually and populated from reputable MLS sources. It includes a search tool that allows you to quickly and easily pinpoint homes that suit your preferences. Perhaps the best part is that we don’t charge anything for it. All that we ask is that you sign up using the easy form. The help doesn’t end with the database, however, as we are available to refer you to a local agent in Cohasset whenever you’re ready.
With its location around 20 miles southeast of the city of Boston, the Norfolk County town of Cohasset is a fairly out of the way place. At the time of the 2010 U.S. Census, its population barely exceeded 7,500, so it is one of the smaller communities in the state. Covered by the 02025 zip code, this town is bordered by several other small communities, including Hull and Hingham. It is also bordered on one side by Massachusetts Bay, and much of the real estate that you will find here is found in that part of the town.
One thing that is certain to jump out at you when it comes to Cohasset is that is property values are among the highest in the state. This also means, unfortunately, that the cost of living here tends to be pretty high. On the cost of living index, a score of 100 equals the average cost of living in the U.S. The state of MA has a score of 137.7 while the town of Cohasset has a score of 156.7. It is crucial to keep this in mind, as it means you are likely to pay more for a variety of goods and services in this area—including property taxes.
If you are in the market for a competitively priced starter home, Cohasset probably isn’t for you. Homes here average around 3,300 square feet in size, and they tend to be very upscale in nature. Lately, the median list and sale prices for this town have averaged around $829,000 and $969,000, respectively. The fact the homes are selling for more than list suggests that huge bidding wars are happening. It also suggests that there is a relative lack of inventory, which is prompting buyers to offer above list price in many cases.
Cohasset’s real estate market is unusual for a number of reasons. While property values are high, they appear to be somewhat stagnant. Around 4.5 percent of properties here have negative equity, which means that more is owed on them than they are worth. This isn’t a huge number, but it still suggests that some properties have not regained their previous value just yet. Boston City Properties can refer you to an agent in this town whose knowledge of its real estate market will be a huge asset for you. They can guide you toward a property that suits your needs and budget.
A simple way to get a feel for the overall health of any given real estate market is by considering how long homes sit on the market before selling or being removed. In a strong market, homes generally only sit for a few weeks or a month at most. Lately in Cohasset, however, homes for sale have been lingering on the market for more than 180 days. At any given time, there are typically around 75 homes on the market. These conflicting facts suggest that buying residential real estate here will be very tricky, which is another reason why it’s so important to connect with Boston City Properties.
Should you opt to buy a home in Cohasset, will you be able to recoup your value for it later when it’s time to sell? Better still, will your property have gained value in the meantime? These are important considerations to make when buying real estate, and Boston City Properties is here to provide extra guidance. Lately, the year-over-year appreciation rate for residential real estate in this town has been around 1.6 percent. This isn’t nearly as strong as in many other markets, but it is obviously better than a rate of zero or even a negative rate.
What if you are priced out of the market in Cohasset but still want to live somewhere in the general vicinity? This again is a prime example of a situation in which a skilled real estate expert would really help. We’ll refer you to one who can help you identify other options. For example, homes over in nearby Rockland are closing for around $281,000 while homes in Hingham are selling for around $724,000. Regardless of what kind of budget you have, an experienced local agent can help you find something that suits your needs perfectly.
Because Cohasset is such a small community with a small population, its inventory of residential properties is fairly limited. The vast majority of homes here are detached single-family homes, but smatterings of apartments, townhouses and condos are found here and there too. In addition to being dominated by single-family homes, the market tends to be overrun with large, upscale homes that average around 3,300 square feet in size. If that is not the type of property that you are after, Boston City Properties can refer you to another area in the vicinity whose market may suit your needs better.
As is the case in virtually all communities around Massachusetts, prices for properties here vary not only by location and age but by type too. Generally speaking, single-family homes tend to be the priciest while condos and the like are often less expensive. To see an example of this, consider this: In 2015, the median sale price for detached single-family homes in Cohasset was around $565,000. That same year, the median sale price for townhouses in this community was around $388,000. Therefore, one way to potentially get a home here for less is by being open to the possibility of condos and townhomes.
Even if you aren’t planning to buy property in Cohasset, Boston City Properties can help. Our database includes listings for apartments and other properties for rent across Massachusetts, including in this town. However, if you want to rent a place here in the hopes of saving money, forget about it. While the average monthly rent for MA is around $2,500, it is closer to $4,700 in Cohasset. This is primarily because the vast majority of properties here aren’t up for rent but for sale. The few properties that are available for rent tend to be very costly.
Don’t get discouraged if it doesn’t seem likely that you’ll find what you need in Cohasset. Here’s a bit more about what to expect concerning various property types in this town:
- Single-family homes – Cohasset’s real estate market is dominated by single-family homes. If that is the type of property that you are looking for, then, your search shouldn’t be nearly as tricky as it otherwise would. Still, single-family homes here vary considerably in terms of age, style, price and other attributes, so zeroing in on something suitable isn’t always easy. Use our search tool to pinpoint real estate here that meets your most important criteria.
- Townhomes and condos – Unfortunately, Cohasset isn’t known for its huge selection of condos and townhouses. This is where the help of an especially experienced and talented real estate agent is sure to pay off. If you need a condo or townhome in this town, contact Boston City Properties so we can refer you to an agent who can help. Remember that townhouses here tend to be more affordable than other property types, so they tend to slip off the market quickly. Between our listings and our agents, you should have the best odds of locating the right townhouse or condo in this area.
- Apartments – While many communities in MA are dominated by rental units, that’s not the case at all in this town. There isn’t a huge student population, and the area isn’t nearly as densely populated as many others. Still, if you would like to rent an apartment in this area, you can search Boston City Properties’ listings to check current availability. Keep in mind that rent prices in Cohasset are off the charts mostly because there are so few properties available. We can refer you to an agent who can point you toward more affordable communities for renting.
How Boston City Properties Can Help
It’s normal to feel overwhelmed when looking to buy or rent a home in a place like Cohasset, MA. Even if you are in the market for a large, upscale home—and there are plenty to choose from in this area—zeroing in on precisely the right thing is still a tall order. Do yourself a favor and sign up to search our constantly updated database of MA listings right away. Just complete and submit the simple signup form, and you will get instant, free, unlimited access.
Once you are in, click your way over to the search tool to begin your search. You can start by selecting Cohasset from the list of cities and towns. Note that if you’d like, you can select more than one location—including specific Boston neighborhoods. Your list will then only include properties that are located in those areas. Refine things even more by adjusting search filters. You can dictate your preferences for everything from price range to total number of bedrooms and bathrooms, so your list will only include highly relevant and useful results.
Are you ready to find your new home in Cohasset? Whether you seek to buy or rent a single-family home, a townhouse, an apartment or a condo, Boston City Properties is here to help. Once you have narrowed things down a bit, give us a call. A member of our team will refer you to a skilled real estate professional in this town who can take it from there. They will line up visits to properties on your list so you can check them out in person. Your agent will also assist during negotiations and guide you through closing or lease signing. Need more information? Call Boston City Properties today.
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