Sales of Massachusetts single-family homes and condominiums posted decent year-over-year gains in February, according to The Warren Group’s most recent market report.
The Massachusetts median single-family home price reached $575,000 in February 2025. Last month, the state saw 2,136 single-family home sales.
Single-family home sales rose 4.2% year over year to 2,136 homes, while condo sales increased 2.9% to 1,108 transactions.
At the same time, the sales prices of homes and condos rose annually: the median sales price of a Bay State home rose 4.9% to $575,000, and the median price of a condo climbed 4.5% to $511,000.
“In a continuation of trends set at the end of 2024, the number of single-family home sales and the median sale price are both up slightly from a year before,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. “Looking at previous patterns, March should see a jump in both the number of sales and the median price versus February.”
Condominium sales in Massachusetts also declined slightly compared to January. But condos fetched a median price of $511,000, an increase of 4.3% from 2024.
Greater Boston
In the Greater Boston metropolitan area, single-family home sales and the median price they sold for both rose year over year. Transactions were up 6.2% to 943, while the median-sales price was 5.9% higher, at $735,000.
Condo sales decreased slightly year over year. Last month, 774 condos were sold in the Greater Boston housing market, down 0.4% from 777 sales during the same month in 2024. The median price for a condo in Greater Boston, however, jumped 5.1% to $600,000.