The median price of a single-family home in Massachusetts reached an all-time high last year, according to the Warren Group’s December market report.

Year over year, the median single-family home price rose 7.9% to $615,000 from 2023’s $570,000. 

Last year, 42,019 single-family homes were sold in Massachusetts, an increase of 2.9% from 2023.

The month of December alone also showed significant growth, with single-family home sales rising 16.1% year over year to 3,657 transactions The median price increased 11.1% to $600,000, setting a new high for the month. 

Condominium sales, meanwhile, showed a decrease in 2024, while prices saw substantial growth.

There were 18,783 condo sales in 2024, down 2.2% from 2023, marking the fewest condo sales for a year since 2011. 

Year-end median prices fared better, increasing 4.9% from 2023 to $535,000 and marking a new high. 

In December, condo sales rose 10.5% to 1,492 transactions, compared to 1,350 a year before. Meanwhile, the median sale price increased 5% to $521,750, marking a new all-time high for the month.

The Greater Boston Market

The Warren Group’s November report also included activity in the Greater Boston housing market, which encompasses the 139 communities located within Route 495.

Greater Boston single-family home sales in December rose 17.3% from 2023 to 1,719. Meanwhile, the median single-family sale price increased 7.1% to $750,000.

In all of 2024, 20,383 single-family homes sold in the Greater Boston housing market – up 3.8% from 2023, while the median sale price increased 6.3% to $760,000.

Condo sales in Greater Boston also grew last month, rising 10.5% to 1,492 transactions. The median condo price was up as well, increasing 5% from last year to $521,750, marking a new high for the month. 

For full year 2024, however, condo sales fell, sliding 2.1% from 2023, while the median sale price rose 3.4% to $620,000.