MASSACHUSETTS
Home Sales Down, Average Price Up
Home sales are down 3.7% year-over-year, with March 2025 at 4,265 compared to 4,430 last March. Sales are down across all categories
- Single families: 2,569 (2024) | 2,461 (2025)
- Condominiums: 1,431 (2024) | 1,388 (2025)
- Multi-families: 430 (2024) | 416 (2025)
Average sale price increased 1.1% year-over-year, now at $717,327 compared to $709,705 in March 2024. Prices increased for single and multi family homes.
- Single families: $727,581 (2024) | $734,663 (2025)
- Condominiums: $688,472 (2024) | $683,969 (2025)
- Multi-families: $673,565 (2024) | $726,069 (2025)
Homes Listed For Sale:
The number of homes listed is up by 21.5% when compared to March 2024.
- 2025: 7,272
- 2024: 5,986
- 2023: 6,784
Pending Home Sales:
The number of homes placed under contract is up by 2.6% when compared to March 2024.
- 2025: 5,997
- 2024: 5,844
- 2023: 5,700
Price Adjustments:
The number of price adjustments is up 67.5% when compared to March 2024.
-
- 2025: 444
- 2024: 265
- 2023: 355
Data provided by Warren Group & MLSPIN then compared to the prior year.
What’s Happening in the Market?
- In March 2025, national home sales decreased 2.4% compared to a year ago, Following this trend, Massachusetts saw a decrease in homes sold.
- According to Mortgage News Daily, March mortgage rates ended around 6.7%. In April, there was some fluctuation, dipping down to 6.6% early in the month and now ending around the 6.9% range.
- As we enter the spring market, inventory is expected to keep rising—and we’re already seeing more homes listed than this time last year.
- New Listings are up compared to this time last year, giving buyers more choices and a better chance of finding the right home. And with home buyer grants available to help cover down payments or closing costs, the path to homeownership may be more accessible than you think!