According to data from ClosingCorp, the average closing cost in Massachusetts is $7,035.04 after taxes, or approximately 1.17% to 1.41% of the final home sale price.
Across the state, the average home sells for between $500,000 and $600,000. If you buy a property in that range, expect to pay between $5,862.53 and $8,442.05 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $500,000 to $600,000 |
| Average total closing cost | $7,035.04 |
| Expected closing cost range | $5,862.53 to $8,442.05 |
| Percentage of closing cost to home sale price | 1.17% to 1.41% |
Buyers and sellers in Massachusetts pay an average of $2,600.98 in tax combined for the closing. This accounts for 36.97% of the total average closing cost in Massachusetts.
| Value | |
|---|---|
| Average tax paid | $2,600.98 |
| Percentage of total closing cost | 36.97% |
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* | |
|---|---|---|
| Before taxes | $4,434.06 | 9 |
| After taxes | $7,035.04 | 35 |
*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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