South Shore Biggest Bang for your Buck Towns: YTD 2012

| September 5, 2012 | 0 Comments

We’ve been wanting to write this post for awhile now and figured the end of the summer would be a great time to do it since we have 8 months of data to evaluate. Have you ever wondered which South Shore towns give you the best chance to maximize your dollar in terms of actual square footage? Well we ran the numbers on 32 South Shore towns to see where you can get the most square footage and most land for the lowest amount of money.

image source: Flickr user: 401(K) 2012

Image Source: Flickr 401(K) 2012

DISCLAIMER: For the purposes of this post we ignored the number 1 rule in real estate of Location, Location, Location and only looked at the data from all of the Single Family Homes sold across the South Shore From January 1, 2012 through the end of August 2012.

Instead of location, here are the 3 factors we looked at…

  • Average Cost Per Square Foot of Single Family homes by Town
  • Average Living area of Single Family Homes  by Town
  • Average Lot Size of Single Single Family homes by Town
Complete List of 32 South Shore Towns
  • Avon
  • Braintree
  • Bridgewater
  • Brockton
  • Canton
  • Carver
  • Cohasset
  • Duxbury
  • East Bridgewater
  • Easton
  • Halifax
  • Hanover
  • Hanson
  • Hingham
  • Hull
  • Kingston
  • Middleboro
  • Milton
  • Marshfield
  • Norwell
  • Pembroke
  • Plymouth
  • Plympton
  • Quincy
  • Randolph
  • Rockland
  • Scituate
  • Stoughton
  • Taunton
  • West Bridgewater
  • Weymouth
  • Whitman

Before we give you the results, let’s take a look at how we did this. First, we took the average cost per square for each of the 32 towns and ranked them from 1 to 32 with the lowest (Brockton: $105.83/ SF) ranked #1 and the highest (Hingham: $297.46 /SF) ranked last at #32. We did the same for average square footage of homes sold with the town with the largest average square foot / home (Cohasset @ 2,909 SF) ranked #1 and the town with the smallest average home size (Avon @ 1,464 SF) ranked last at #32. We did the same for the towns with the largest average lot size (Plympton: 3.04 acres) ranked 1 and the smallest (Hull: .13 acres) ranked last. We then compared how each town ranked in all 3 categories side by side and added the scores up to determine the towns with the lowest scores versus the towns with highest scores. The lowest score wins!

The Murphy Team South Shore Real Estate Brokers

So without further adieu.The Top 5 Biggest Bang for your buck towns are…

5. Halifax & Easton

(Tied. Total Rank Score 34…okay so this will be a top 6 list)
Halifax ranked pretty low in average home size but ranked pretty high in Average Lot Size and Average Cost per Square Foot. Similarly, Easton was ranked 19th in cost but for the money you spend in Easton you’ll get a decent size house (close to 2,300 SF) on an acre of land.

3 & 4. Norwell & Hanover

(Tied. Total Rank Score:31)

You’ll actually get more combined home and yard in Norwell than in any of the other towns on the South Shore.

Most people would think that Norwell is an expensive town to buy into and while it does rank really low in cost per square foot (27th), Norwell ranks second in average home size (over 2,700 sf) and second in average lot size (1.6 acres).

Hanover has a similar story. It ranked 21st in average cost per square foot ($200.03 /SF) but it has the 5th largest homes and 5th largest lot sizes comparatively.

2. Middleboro

(Total Rank Score: 23)
The average home size in Middleboro is nothing to get too excited about since it’s right in the middle of the pack, showing 1,800 sf on average. But it’s the 3rd cheapest town on the South Shore ($132.00 /SF) and has the 4th largest average lot size with over 1.3 acres per home. If you’re looking for an affordable place to live without sacrificing square footage, Middleboro is a great option.

1. Plympton

(Total Rank Score: 15)
With over 2,300 SF of living area (ranked 8th) and over 3 acres per home (ranked #1), Plympton really gives you plenty of room to roam. And being the 6th cheapest town to live in ($145/ SF), Plympton is the best bang for your buck. Located 10 minutes from Rte. 3, 15 minutes from Rte. 24, and with quick access to the Kingston/Plymouth Commuter Rail Line, Plympton has several options for commuters living on the South Shore.

Some interesting things to note: Although Cohasset and Hingham are the most expensive towns on the South Shore, they did not finish last in this test. In fact, they were right in the middle. This is because for the money you spend in Hingham and Cohasset, you’re going to get a bigger home on a decent sized lot. The towns that performed poorly were Weymouth, Quincy & Hull. You’ll pay more per square foot in these towns, home sizes are average and in the case of Quincy and Hull, the lot sizes are smallest among all South Shore towns.

So there it is. We hope you found this interesting and informative. If so please help us spread the word on Facebook and Google+.

Want to know how your town stacked up?
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Disclosures:
All information collected from MLSPIN and reflects only transactions that were listed on Multiple Listing Service. Private sale transactions are not included in this data.

Data only represents single family homes. Condominiums & Multi-Family properties are not included in this data.

All information is presumed reliable but is not guaranteed, and should be independently verified. The information provided in this report is provided for personal use only and may not be copied or distributed.

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Category: Real Estate

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The S3 Team was created by a group of local real estate agents, designers and business partners from Massachusetts South Shore. Trying to tell the story of the South Shore community and striving to connect the world to all the amazing things that make the South Shore great.

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