The Massachusetts housing market continued to show resilience in March, with home prices climbing even as the pace of sales remained moderate. The median sale price for a single-family home across the state reached $600,000—a 3.4% increase compared to the same time last year.
Single-Family Homes: Prices Up, Sales Slightly Down
While prices remain strong, the number of single-family transactions dipped slightly in March, down 4.2% year-over-year. However, when looking at the first quarter as a whole, year-to-date sales are actually up 3%—suggesting that overall demand remains healthy despite recent economic headwinds.
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March 2025 median price: $600,000
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March 2025 sales: 2,460 homes (down from 2,569 in March 2024)
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Year-to-date sales: 7,326 homes (up from 7,022 in Q1 2024)
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YTD median price: $585,000 (up 5.3%)
Buyers are still engaging—just more selectively. With limited inventory in many key markets, homes that check the right boxes continue to move quickly and command premium pricing.
Condominium Market: Subtle Shifts, More Accessibility
The condo market is experiencing a similar story, with a 3% decline in March sales, but a 5% increase in year-to-date activity. Notably, the median condo price fell 1.5% in March—its first year-over-year drop in nearly two years.
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March 2025 median condo price: $542,000
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YTD median price: $530,000 (up 1.9%)
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YTD sales: 3,654 condos (up from 3,481 in Q1 2024)
For would-be buyers—particularly first-time homeowners or those seeking a second home—the condo market may present emerging value opportunities.
Greater Boston: Strength in Pricing Despite Slower Volume
In the Greater Boston area, prices remain elevated. The median sale price for a single-family home in March reached $756,000, a 2.2% increase from the previous year. Condo prices in the region also held firm, with a median price of $650,000, up 1.6% year-over-year.
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Greater Boston single-family sales: Down 5.8% in March
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Greater Boston condo sales: Down 8.7% in March
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YTD prices: $750,000 for single-families (+6.1%), $625,000 for condos (+1.6%)
While some buyers are taking a pause amid interest rate uncertainty and market volatility, there are signs that activity is beginning to pick up as we move deeper into the spring market.
Outlook: Selective Strength and Strategic Opportunity
The data paints a picture of a market that remains fundamentally strong—but more nuanced. Quality inventory is in high demand, and pricing is holding across most segments. That said, buyers are more strategic, and properties that are overpriced or not turnkey are seeing longer days on market.
For sellers, it’s a moment to lean into presentation, precision pricing, and targeted exposure. For buyers, especially those watching the condo segment, there may be opportunities to enter the market more affordably than in recent quarters.
As always, we’re here to help you navigate the current landscape—whether you’re looking to buy, sell, or simply better understand where the market is headed.
