Real Estate Ph: (617) 247-1933 806 Tremont Street, Boston MA 02118

Groton, MA Real Estate

For up-to-the-second information regarding Groton, MA, real estate for sale and for rent, trust the experts at Boston City Properties. Whether you are looking to buy a single-family home in the area or need to rent an apartment or other property, the easiest way to check current availability is by searching our constantly updated MA property listings. Our huge database is loaded with listings from dependable sources, including the MLS PIN, and you can easily pinpoint properties that suit your needs by availing yourself of our powerful search tool. In no time, you will have promising options to explore in this Middlesex County town.

Click Here to Search

sales

Given how extensive our online property listings are—and how easy they are to search—it’s natural to assume that some sort of fee applies. However, we will give you immediate, free, unlimited access right this second; just complete and submit the simple form, and you will be good to go. Our search tool gives you complete control; you can select your desired search area to limit your search to this town, and you can adjust filters for things like price range and total number of bedrooms and bathrooms to refine your results further. The resulting list will only include properties that meet your desired parameters.

In addition to our huge online database of searchable listings, Boston City Properties’ website is loaded with useful resources and interactive tools that arm you with the knowledge that you need to make informed and strategic decisions. Better still, we have connections with experienced agents in this town and in communities across the state. Whenever you’re ready, we can refer you to one so you can go look at properties on your list and more. Before too long, you will be sitting down to close or sign a lease for your new home.

Town Overview

It pays to have a basic understanding of a town and its market before shopping for homes there. With a population of nearly 11,000 people at the time of the 2010 U.S. Census, this Middlesex County town is small but still large enough to have plenty to offer in terms of residential property. Situated around 42 miles northwest of the city of Boston, the town is primarily covered by the 01450 zip code. It is far enough away from the big city not to be affected by its hectic property market.

One advantage of making this town your home is that the local cost of living is a bit lower than average. On the cost-of-living index, a score of 100 equals the average cost of living for the U.S. In Massachusetts, the average COL is around 137.7. In this town, however, it’s just 135.3. The town is too small to have any discernible neighborhoods or districts, but it’s bordered by several communities. These include Ayer, Tyngsborough, Pepperell and Shirley. The agent to whom we refer you will be familiar not just with this town but with nearby communities, and this knowledge is certain to make a big difference during your search.

Market Overview

Even if you are certain that you want to move to this town and are determined to buy or rent a place here, it’s important to realize that you are still at the mercy of the local residential property market. While the local market is far less competitive than what you will find in places like Boston, it still presents its own challenges. Its relatively small size is a prime example as it means that there aren’t likely to be tons of options on the market at any given time.

Across this whole town, records indicate that there are around 4,000 residential properties. These include single-family homes, apartments, townhouses and condos. Most properties are owned, but some rental properties can be found around town too. Like most people, you are probably looking for a specific type of property; unless it’s a single-family home, you are likely to have few options at your disposal. If you are more flexible, though, you should be able to take your pick from a decent assortment of options.

While many local property submarkets are fairly balanced in terms of property types, that’s not the case with this town. The local market here is overwhelmingly dominated by detached single-family homes. Indeed, a full 84 percent of all residential properties in this town are classified as such. They span many sizes, ages, layouts and other attributes, so you should be able to find something suitable. Meanwhile, only around 13 percent of properties here are classified as apartments, and only 4 percent are categorized as condos or townhouses.

Another important aspect to consider regarding any local property market is how much properties generally cost. After all, you need to get a feel for whether or not you can afford to buy or rent a place in the area. If you know anything about this town, it’s probably that homes here tend to be pricey. Indeed, 28 percent of homes in the area—the largest category—cost between $579,000 and $869,000. Many other homes fall into less expensive and even more expensive categories, but if your budget falls far outside of the average, you may need to look at other local property markets instead.

Single-Family Homes

The vast majority of residential properties in this Middlesex County town are classified as single-family homes, so you will have the most options at your disposal if that is what you need. Within this category, however, you will find many variations in terms of age, condition, architectural style, size and other factors. After using Boston City Properties’ search tool to zero in on promising single-family homes in the area, contact us for a referral to a local agent with expert knowledge about the market.

There is no point in getting too involved in your search without first ensuring that homes in the area suit your budgetary needs. Lately, homes in the area have been listing for around $500,000; across the state, the median list price is closer to $419,000.The median sale price locally, $437,000, is also far higher than the median closing price for the state, which is $356,000. However, the average price per square foot for residential property here, $225, is lower than the state average of $242. A local agent can explain these discrepancies and help you to identify neighborhoods with homes that suit your budget.

While people tend to focus primarily on things like price and size when shopping for single-family homes, they also look at the overall age of a property. That’s especially true if they are determined to buy a newer, more modern home or if they prefer the unique style of an older place. In this town, 46 percent of residential properties were built between 1970 and 1999, so the area isn’t dominated by extremely old homes. In fact, around 15 percent of properties were built in the year 2000 or later, so there are plenty of newer homes around the area as well. Single-family homes here tend to be huge; on average, they offer around 2,900 square feet of space.

Even though this town has a fairly compact and slow-paced property market, things have been more active than average lately. At any particular time, in fact, there are likely to be around 35 homes for sale on the local market. This may partly be a sign of the continuing recovery of the local market. Properties have been sitting on the market for an average of 98 days, which is much longer than average. It means that as a buyer, you are likely to have the upper hand during negotiations and the like. Make sure to get a referral to a local agent from us for expert assistance during negotiations and beyond.

Property values are high around the local area, but have they peaked? It’s natural to be concerned about a property’s likelihood of growing in value after closing—especially if you’re only staying there for a few years or are buying it for investment purposes. While 5.9 percent of residential properties in this town are vacant, which isn’t great, only 3.9 percent have negative equity. The average negative equity across the U.S., meanwhile, is 10.7 percent. Last year, properties in the area appreciated by a rate of about 2.6 percent; the rate will drop to 2.2 percent over the next 12 months or so.

If factors like price and overall availability converge to prevent you from finding something suitable in Groton, MA, don’t worry. Boston City Properties can refer you to a local real estate agent who can help you to identify promising options in nearby communities. For instance, homes over in nearby Ayer have been selling for around $285,000 while homes in neighboring Harvard have been selling for closer to $561,000. Whatever your budget or needs may be, your agent can help you to find suitable options around the area.

Condos and Townhouses

Only 4 percent of residential properties in this town are classified as townhomes and condos. This means that there are only around 150 properties like these within its borders. This is fairly standard in suburban areas away from the big city as multifamily housing just isn’t as widespread. If you need to buy or rent a townhouse or condo here, Boston City Properties can help.

Like single-family homes in this Middlesex County town, condos and townhouses here offer generous amounts of space. On average, townhomes and condos in the area offer around 1,800 square feet, so there is plenty of room to stretch out and get comfortable. While you may have plenty of space to work with, you’re less likely to find the high-end touches that have become so ubiquitous in big-city condos and townhomes. Even so, properties like these tend to be well-maintained and very comfortable.

If you can’t afford the going rate for a single-family home in this town, a condo or townhouse may be a more affordable option. While single-family homes here have been selling for around $669,000 lately, condos and townhomes have been selling for closer to $465,000. Keep in mind, however, that monthly association fees or dues often apply, and you should budget for these extra expenses accordingly. Boston City Properties can refer you to a local agent who can direct you toward affordable condo and townhouse developments in the area.

You can quickly check currently availability for townhouses and condos for sale and for rent in this town by signing up for access to Boston City Properties’ listings. Once you have completed and submitted the signup form, you can start searching right away. Choose your desired search area; it may be limited only to this town, or it may include additional communities. Adjust search filters for things like price range and total square footage to zero in on properties that more closely suit your requirements. If any condos or townhomes that meet your criteria are currently available in this town, they will appear in the results.

Apartments

Apartments aren’t nearly as easy to come by as single-family homes in this charming little town. With only 13 percent of residential properties classified as such, there are only around 500 of them within its borders. Most of them will be occupied when you search, so it may feel like you have very few options. You can use our search tool to find what you need more quickly, and we can refer you to a local agent who specializes in apartment rentals when the time is right.

In the meantime, keep the following factors in mind while searching for apartments to rent in this area:

You don’t have to pound the pavement to find an apartment to rent in this bustling Middlesex County town. You can use the same search tool that you use to find homes for sale to check current availability for apartments for rent in the area. It works exactly the same as it does for finding homes for sale. First, choose this town from the list of locations. To perform a broader search, select as many additional communities as you’d like. Next, input your preferences for things like total square footage, total beds and baths and price to get results for apartments that closely meet your criteria. In no time, you will have a list of properties to explore and can go from there.

How Boston City Properties Can Help

It’s easy to feel overwhelmed and alone when looking for a new home in this vibrant little town. Whether you need to rent an apartment or want to buy a condo, townhouse or single-family home, make your first step signing up to search with Boston City Properties. The instant that you submit the form, you’ll get immediate, free access to our searchable listings and will be well on your way to finding the perfect new home in this lovely town.

Are you ready to check current availability for Groton, MA, real estate for sale or for rent? Whatever your needs may be, our search tool offers the fastest and most reliable way to find the perfect home. Sign up this instant to start searching our listings right away. Before you know it, you will have a manageable list of properties to explore in this bustling town. When you are ready to go look in person, contact us for a referral to an experienced local agent. For more information, please contact Boston City Properties.

Click Here to Search

sales