MASSACHUSETTS
Home Sales Up, Average Price Up
Home sales are up 3.3% year-over-year, with July 2025 at 7,190 compared to 6,962 last July. Single-family and multi-family sales are up. and condo sales are down.
- Single families: 4,443 (2024) | 4,719 (2025)
- Condominiums: 1,943 (2024) | 1,874 (2025)
- Multi-families: 576 (2024) | 597 (2025)
Average sale price increased 1.7% year-over-year, now at $787,366 compared to $774,331 in July 2024. Single and multi-family prices increased, and condos decreased.
- Single families: $807,950 (2024) | $829,643 (2025)
- Condominiums: $696,219 (2024) | $681,462 (2025)
- Multi-families: $778,495 (2024) | $785,613 (2025)
Homes Listed For Sale:
The number of homes listed is up by 8.7% when compared to July 2024.
- 2025: 7,267
- 2024: 6,683
- 2023: 6,126
Pending Home Sales:
The number of homes placed under contract is up by 5.6% when compared to July 2024.
- 2025: 6,557
- 2024: 6,210
- 2023: 5,595
Price Adjustments:
The number of price adjustments is up 14.7% when compared to June 2024.
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- 2025: 623
- 2024: 543
- 2023: 408
Data provided by Warren Group & MLSPIN then compared to the prior year.
What’s Happening in the Market?
- In July 2025, national home sales increased by 2%. Likewise, Massachusetts home sales increased by 3.3%.
- According to Mortgage News Daily, July mortgage rates ended around 6.75%. August 14th exhibited rates down to 6.53% the lowest since October 2024, which has stuck, giving some reprieve for buyers with boosted affordability.
- You can watch Anthony Lamacchia on WCVB Channel 5 discussing mortgage rates. See what Anthony’s prediction on rates continuing to drop means for buyers and sellers by clicking here.
- Those who know selling is on the horizon should consider having their pictures taken before the season shifts. You’ll have exterior photos of your home at the ready, so even if you list in the winter, you’ll be able to showcase your yard and landscaping, as well as how your home looks in the sunshine.
- Buyers, now that the summer is coming to a close and the number of homes on the market is rising, you should know that Fall is the best time to buy! If you’re weighing the pros and cons of renting or buying, let us help you make an informed decision. Contact us today.
- Sellers, more inventory means more competition for your listing, making accurately pricing your home even more critical.