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According to data from ClosingCorp, the average closing cost in Massachusetts is $5,964 after taxes, or approximately 1.19% to 1.49% of the final home sale price.
Across the state, the average home sells for between $400,000 and $500,000. If you buy a property in that range, expect to pay between $4,771 and $7,455 in closing costs after taxes.
|Average home sale price||$400,000 to $500,000|
|Average total closing cost||$5,964|
|Expected closing cost range||$4,771 to $7,455|
|Percentage of closing cost to home sale price||1.19% to 1.49%|
Buyers and sellers in Massachusetts pay an average of $2,088 in tax combined for the closing. This accounts for 35.01% of the total average closing cost in Massachusetts.
|Average tax paid||$2,088|
|Percentage of total closing cost||35.01%|
The closing costs for buying a home in Massachusetts are above the national average after accounting for taxes. It’s 35 in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Massachusetts||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Massachusetts.
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