MASSACHUSETTS
Home Sales Up, Average Price Up
Home sales are up 12% year-over-year, with January 2025 at 4,209 compared to 3,757 last January. Sales are up across all categories.
- Single families: 2,403 (2024) | 2,626 (2025)
- Condominiums: 973 (2024) | 1,159 (2025)
- Multi-families: 381 (2024) | 424 (2025)
Average sale price increased 7.7% year-over-year, now at $742,938 compared to $689,601 in January 2024. Prices increased for single and multi-family homes but decreased for condos.
- Single families: $702,200 (2024) | $782,522 (2025)
- Condominiums: $679,442 (2024) | $656,441 (2025)
- Multi-families: $636,086 (2024) | $734,213 (2025)
Homes Listed For Sale:
The number of homes listed is up by 7.3% when compared to January 2024.
- 2025:5,016
- 2024: 4,675
- 2023: 4,337
Pending Home Sales:
The number of homes placed under contract is down by .09% when compared to January 2024.
- 2025: 4,203
- 2024: 4,243
- 2023: 4,283
Price Adjustments:
The number of price adjustments is up 27% when compared to January 2024.
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- 2025:329
- 2024: 259
- 2023: 290
Data provided by Warren Group & MLSPIN then compared to the prior year.
What’s Happening in the Market?
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- In January 2025, national home sales increased 2% compared to a year ago, Following this trend, Massachusetts also saw an increase in home sales.
- Anthony Lamacchia states “Homes listed for sale being up is especially notable considering we are in the midst of the coldest and snowiest winter in a few years. This tells me homes listed will shoot up ALOT more once the weather breaks. Sellers should take note of this and not push their luck too much when pricing and buyers should be happy to have a few more choices. In a month buyers will have many more choices.”
- The Massachusetts housing market remains strong, with key indicators showing positive momentum. Home sales are up, and average prices continue to rise, reflecting steady demand. The number of homes listed has also increased, offering buyers more options. However, pending sales have dipped slightly by 0.9%, suggesting a slight moderation in buyer activity possibly due to colder than typical weather. Overall, the market remains competitive, with price growth and moderate inventory gains shaping the current landscape. Thinking about selling in 2025? Check out these expert tips.
- According to Mortgage News Daily, mortgage rates in January started in the low 7s, peaked at 7.25% mid-month, and then trended downward, ending in the low 7s. So far, February continues to show a declining trend.
- In this current market, with high interest rates and strong competition, maximizing your home’s value is more important than ever. Simple, cost-effective upgrades can help your property stand out and attract top-dollar offers. Check out our easy ways to boost your home’s worth before you list!
- Condo sales are rising, but prices have dipped slightly, creating new opportunities for buyers. While lower prices can be appealing, factors like HOA fees, resale value, and financing should be considered. Here’s what you need to know before buying a condo.