MASSACHUSETTS
Home Sales Down, Average Price Up
Home sales are down 1.7% year-over-year, with August 2025 at 6,812 compared to 6,931 last August. Single-family and multi-family sales are down, and condo sales are up.
- Single families: 4,519 (2024) | 4,422 (2025)
- Condominiums: 1,804 (2024) | 1,893 (2025)
- Multi-families: 608(2024) | 497 (2025)
Average sale price increased 4.7% year-over-year, now at $778,414 compared to $743,809 in August 2024. Single and multi-family prices increased, and condos decreased.
- Single families: $778,279 (2024) | $826,645 (2025)
- Condominiums: $670,262 (2024) | $660,824(2025)
- Multi-families: $705,827 (2024) | $797,173 (2025)
Homes Listed For Sale:
The number of homes listed is up by 1,4% when compared to August 2024.
- 2025: 6,044
- 2024: 5,963
- 2023: 6,325
Pending Home Sales:
The number of homes placed under contract is up by 3.7% when compared to August 2024.
- 2025: 6,083
- 2024: 5,867
- 2023: 5,949
Price Adjustments:
The number of price adjustments is down 6.7% when compared to August 2024.
-
- 2025: 461
- 2024: 494
- 2023: 505
Data provided by Warren Group & MLSPIN then compared to the prior year.
What’s Happening in the Market?
- In August 2025, national home sales remained at the same level as July, with a -0.2% change month over month from July. According to NAR Chief Economist Lawrence Yun, “Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory. However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months.”
- Massachusetts home sales decreased 2% year over year and average prices increased 6.2%.
- According to Mortgage News Daily, August mortgage rates ended around 6.5%. They’re currently at 6.37% after having dropped to 6.13% in mid-September. Buyers are well advised to keep their pre-approvals up to date as mortgage rates change.
- You can watch Anthony Lamacchia discuss how Fall is the best time to buy! Learn more about what factors align to boost buyer purchase power, including inventory, competition, and more.
- Fall sellers! The seasonal shift presents new opportunities to attract motivated buyers. Follow this guide with steps to take to increase buyer interest while taking advantage of the fall market.
- Buyers, when searching for homes, don’t overlook the properties that have been listed longer than others. There is nothing wrong with that house! Certain factors this time of year can extend the amount of time on market for a listing, but that doesn’t mean that you shouldn’t tour the home!
- Massachusetts has implemented a new law that significantly changes how home inspections are handled in real estate transactions, which takes effect on October 15, 2025. This impacts both buyers and sellers.