Massachusetts is the nation's second most expensive state to buy a house in, according to a report released today by Coldwell Banker Real Estate.
The average listing price for a four-bedroom, two-bathroom home in the Bay State is $489,063. The nation's most expensive housing market is Hawaii, where a four-bedroom, two-bath home has an average listing price of $742,551.
Following Massachusetts are California ($431,625), New Jersey ($421,108), Connecticut ($411,884), Colorado ($387,309), New York ($359,682), Minnesota ($357,461), Maryland ($354,465) and Washington ($342,716).
Nebraska is the most affordable state to live in, according to the report. The average listing price for a four-bedroom, two-bath home in the Cornhusker State is $145,360.
The report analyzed more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January to June of this year.
The five most expensive housing markets are all in California, with four in the San Francisco Bay Area, according to the report. Los Altos, Calif. Tops the list at $1,706,688, followed by Newport Beach ($1,658,000), Saratoga ($1,582,434), Menlo Park ($1,506,909) and Palo Alto ($1,495,364).
The only Massachusetts region to make the most expensive housing markets list is Weston at number 14, where the average listing price for a four-bedroom, two-bath home is more than $1.1 million. The most affordable housing market is Redford, Mich. at $60,490 a home.
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