Seekonk, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Seekonk, MA Housing Market Trends

With 15,770 people, 6,052 houses or apartments, and a median cost of homes of $431,315, 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 84.03% 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 ( 8.53%), large apartment complexes or high rise apartments ( 5.25%), and a few row houses and other attached homes ( 1.32%).

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 83.76% of Seekonk's homes, and 69.41% 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 36.13% of the town's housing hails from this era. Other housing ages represented in Seekonk include homes built between 1970-1999 ( 32.16%) and housing constructed between 2000 and later ( 16.02%). There's also some housing in Seekonk built before 1939 ( 15.70%).

Seekonk Home Appreciation Rates

Appreciation rates for homes in Seekonk have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.66%, which ranks in the top 40% nationwide. This equates to an annual average Seekonk house appreciation rate of 4.11%.

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 11.09%, which is higher than appreciation rates in 77.17% 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 4.05%, which equates to an annual appreciation rate of 17.19%.

Importantly, this makes Seekonk one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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:
$431,315

Seekonk, MA HOME PRICES

> $1,258,000
2.2%
2.2%
$943,001 - $1,258,000
2.4%
2.4%
$629,001 - $943,000
10.2%
10.2%
$503,001 - $629,000
14.3%
14.3%
$378,001 - $503,000
33.5%
33.5%
$252,001 - $378,000
31.1%
31.1%
$126,001 - $252,000
4.9%
4.9%
$63,001 - $126,000
0.3%
0.3%
$0 - $63,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,052

Seekonk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
105.36% 3.40%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,685 / per month

Homeownership Rate

Owners
83.8%
83.8%
Renters
16.2%
16.2%
Vacant
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.0%
16.0%
1970 - 1999
32.2%
32.2%
1940 - 1969
36.1%
36.1%
1939 or Older
15.7%
15.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.0%
84.0%
Townhomes
1.3%
1.3%
Small Apt. Buildings
8.5%
8.5%
Apt. Complexes
5.2%
5.2%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
7.0%
7.0%
2 Bedrooms
19.7%
19.7%
3 Bedrooms
46.7%
46.7%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES