Median Prices in 2017

All deeds recorded at the registry of deeds must state the amount of consideration paid, so the registry has a record of every sale made for the towns in the registry district. However, the registry is concerned with who owns the land, not what is built upon it or its use (in the zoning sense of the word). Consequently, registry records do not differentiate between residential, commercial, industrial or other uses. That said, performing statistical analysis on the consideration of deeds recorded can provide some insight into real estate trends.

Here are the median prices of deeds recorded in 2017 for the ten communities in the Middlesex North District. To eliminate outliers, like related-party transfers or the sale of a multi-million dollar industrial building, the query for each community considers only those deeds with consideration greater than $60,000 and less than $1,200,000.

Town - Median Price - No. of Deeds
Billerica - $400,000 - 579
Carlisle - $730,000 -    74
Chelmsford - $361,500 - 694
Dracut - $290,000 - 633
Dunstable - $489,000 - 67
Lowell - $250,000 - 1475
Tewksbury - $369,950 - 552
Tyngsboro - $339,900 - 225
Westford - $460,000 - 399
Wilmington - $460,000 - 355