Seekonk, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Seekonk Neighborhoods Since 2000




Seekonk, MA Real Estate Data


Seekonk Housing Market Information

With a population of 14,968, 5,094 total housing units (homes and apartments), and a median house value of $350,576, real estate costs in Seekonk are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Seekonk, accounting for 93.04% of the town's housing units. Other types of housing that are prevalent in Seekonk include duplexes, homes converted to apartments or other small apartment buildings ( 5.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seekonk. Owner-occupied housing accounts for 91.36% of Seekonk's homes, and 78.23% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Seekonk's housing was primarily built during this period, from the '40s through the '60s. A full 39.43% of the town's housing hails from this era. Other housing ages represented in Seekonk include homes built between 1970-1999 ( 35.78%) and housing constructed before 1939 ( 13.20%). There's also some housing in Seekonk built between 2000 and later ( 11.59%).

Seekonk Home Appreciation Rates

Seekonk's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Seekonk during the period has been just -1.19%, which is lower than 70% of US communities.

Appreciation rates are so strong in Seekonk that despite a nationwide downturn in the housing market, Seekonk real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seekonk appreciation rates continue to be some of the highest in America, at 5.92%, which is higher than appreciation rates in 73.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seekonk. Seekonk appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.54%.

Relative to Massachusetts, our data show that Seekonk's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$350,576

Seekonk, MA HOME PRICES

Value Range
> $1,142,000 0.8
$856,001 - $1,142,000 1.4
$571,001 - $856,000 6.8
$457,001 - $571,000 13.4
$343,001 - $457,000 27.5
$229,001 - $343,000 37.8
$114,001 - $229,000 7.8
$57,001 - $114,000 0.0
$0 - $57,000 4.4

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.5607542308368 57.3717948717949

Number Of Homes And Apartments:
5,094

Rent & Ownership

 

Average Market Rent:
$1,518 / per month

Homeownership Rate

Homeownership
Owners 91.36
Renters 8.64
Vacant 3.67

Housing Market Details

 

Age of Homes

AGE OF Seekonk HOMES
2000 or Newer 11.6
1970 - 1999 35.8
1940 - 1969 39.4
1939 or Older 13.2

Types of Homes

TYPE OF Seekonk HOMES
Single-Family 93.0
Townhomes 0.7
Small Apt. Buildings 5.8
Apt. Complexes 0.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Seekonk HOMES
No Bedroom 1.57
1 Bedroom 1.25
2 Bedrooms 14.94
3 Bedrooms 54.99
4 Bedrooms 23.24
5 or more bedrooms 4.01

Seekonk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
59.61% 2.79% 8 7
* 10 is highest