MASSACHUSETTS
Home Sales Up, Average Price Up
Home sales are up 3.0% year-over-year, with February 2025 at 3,581 compared to 3,477 last February. Sales are up for Single-family homes and condos but down for multi-family homes.
- Single families: 2,050 (2024) | 2,136 (2025)
- Condominiums: 1,077 (2024) | 1,108 (2025)
- Multi-families: 350 (2024) | 337 (2025)
Average sale price increased 3.3% year-over-year, now at $969,576 compared to $674,081 in February 2024. Prices increased across all categories.
- Single families: $684,695 (2024) | $708,315 (2025)
- Condominiums: $661,033 (2024) | $667,805 (2025)
- Multi-families: $652,068 (2024) | $716,767 (2025)
Homes Listed For Sale:
The number of homes listed is down by 1.8% when compared to February 2024.
- 2025: 4,657
- 2024: 4,741
- 2023: 4,281
Pending Home Sales:
The number of homes placed under contract is down by 6.1% when compared to February 2024.
- 2025: 4,145
- 2024: 4,412
- 2023: 4,494
Price Adjustments:
The number of price adjustments is down 23% when compared to February 2024.
-
- 2025: 171
- 2024: 222
- 2023: 190
Data provided by Warren Group & MLSPIN then compared to the prior year.
What’s Happening in the Market?
- In February 2025, national home sales decreased 1.2% compared to a year ago, Despite this trend, Massachusetts saw an increase in homes sold.
- According to Mortgage News Daily, March mortgage rates started in the high 6% range, around 6.7% to 6.8%, and have held steady throughout the month.
- Year-over-year trends show a dip in both listings and pending sales, possibly due to winter conditions or the leap year in 2024. However, spring is quickly approaching, and many sellers and buyers are preparing for the season. Sellers, here’s why listing your home this spring could work to your advantage.
- When compared to last year, the average sales price for homes has increased. However, it’s still crucial to price your home competitively. Doing so will help generate greater buyer interest and potentially lead to higher offers. Here is a guide on what to keep in mind when pricing a home.
- Buyers, with spring just around the corner, a wave of new inventory will soon be available on the market. As the competition heats up, it’s important to be well-prepared. Here are 8 essential steps to take before purchasing your first home to ensure you’re ready to make a confident and informed decision.