Single-family home sales in the Bay State had the largest year-over-year increase since June of 2021, according to the Warren Group’s April 2024 sales report.

Last month, single-family home sales increased 6.8% from the year before, as the median price reached $610,000. 

January and February boasted year-over-year increases of 0.4% and 0.2% respectively. 

Last month, 3,100 single-family homes sold, up 6.8% from April 2023. Meanwhile, the median single-family sale price grew 9.9% to $610,000, a new high for the month and the first time single-family home prices exceeded $600,000 this year. 

Cassidy Norton, associate publisher and media relations director of the Warren Group, said the significant year-over-year increase in single-family home sales in Massachusetts is a positive indicator for both buyers and sellers.

“The market has been exceedingly tight in recent years as mortgage rates and building costs rose,” Norton said. “More sales didn’t move the needle on home prices, however; the median single-family home sale price in April rose nearly 10%. This also marked the first time the median price has exceeded $600,000 in 2024, approaching the record high of $615,000 set in June 2023.” 

Since January, 10,113 homes have sold, up 0.1% from the first four months of 2023. During the same period, the median single-family home price rose 9.5% to $575,000.

The condo market in April also experienced positive changes.

Condo sales rose 7.9% to 1,613 transactions, compared to 1,495 in April 2023. Meanwhile, the median sale price increased 3.4% to $532,500, also marking a new high for the month.

“Though the median sale price of a Massachusetts condo rose a mere 3.4 percent, that was enough to read an all-time high for the month of April of $532,500,” Norton said. “The condo market faces the same headwinds as the single-family market, and a rise in the number of sales is a welcome change.”

So far this year, 5,094 condos sold across the state, down 2.2% from 2023, with a median sale price that’s up 7.1% to $525,000.

The Greater Boston Market

The Warren Group’s 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 April grew 8.8% from 2023 to 1,517. Meanwhile, the median single-family sale price increased 10.1% to $760,000

Condo sales in Greater Boston were also up last month, rising 6.9% to 1,187 transactions, compared to 1,110 in April 2023. The median sale price, however, dipped, down 1.2% from last year to $609,950.