Amherst Homes for Sale & Real Estate in Amherst, Massachusetts

Amherst, Massachusetts Average Home Sizes and Asking Prices

Updated On: May 19, 2012

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
01002	2,400 sf	$453,000	1,900 sf	$384,000	109	1,600 sf	$279,000	1,000 sf	$177,000	48

Change and Trend of Asking Price in 01002

Sold Price History in 01002

Homes for Sale in Amherst

Amherst Real Estate & Homes for Sale in Massachusetts

Located in Hampshire County and a part of the Springfield metropolitan region, the town of Amherst, Massachusetts, offers residents an excellent quality of life with houses dotting the rural countryside along with a booming population of college students, well-established professionals, families, and retirees. Established as an official town in 1786, Amherst's economic beginnings were rooted in the agricultural and mercantile industries because to the town's location along the Connecticut River Valley. Gristmills, cotton mills, and sawmills served as the economic mainstays during the town's early days. Today, the Amherst economy is still going strong with three of the Five Colleges of Western Massachusetts serving as the community's major employers for Amherst.

Like the local economy, Amherst real estate market is just as strong with average listing prices for houses hovering in the $350,000 range. Some land parcels are available for those who are thinking of custom developing; however, one of Amherst's number one priorities is the conservation of the land for the benefit of residents. That's not to say that there aren't plenty of areas for recreation. Golfers can enjoy their favorite game at Cherry Hill Golf Course, joggers and nature lovers can head toward any number of accessible trails throughout Amherst, and there are about half a dozen parks and recreation areas for residents and visitors to enjoy. But let's not forget the town's literary roots: Amherst was and still is home to many authors and poets, with a few of the more familiar names including Emily Dickinson, Noah Webster and Robert Frost. Visitors can learn more about the famous residents of Amherst by visiting the town's museums and libraries.

| Amherst, MA City Guide |

Amherst Real Estate Market: Prices of Houses for Sale in Amherst

The real estate market in Amherst is primarily dominated by listings for New England-style single family houses. However, buyers interested in investing in smaller real estate options may consider purchasing townhouses and condos in Amherst and throughout Hampshire County. Average listing prices for properties in Amherst currently hover in the low $350,000 range.

Housing prices in Amherst start in the low $200,000s for starter houses on wooded lots to upwards of $500,000 for contemporary single family houses located in some of Amherst's newer subdivisions. Luxury houses and new construction can be found in Amherst as well with prices starting from the high $650,000s to about $850,000; many of these properties promise generous amounts of land and acreage—perfect for horses or (add) for adding guest houses. Listing prices for ( add) the Amherst condo market start from the low $100,00s to the low $600,000s. For developers and investors who would like to custom build houses, land parcels are priced starting from $80,000.

Amherst Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $384,343 compared to $372,380 the previous week, showing a increase of more than +3%.  For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Amherst MA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Amherst to help you find the best home!