Home sales in Massachusetts showed a modest increase in 2025, with a 3 percent rise in single-family home transactions compared to the previous year. The Warren Group reported that there were 43,240 single-family home sales in the state, up from 42,138 in 2024. This upward trend comes as the median sale price also climbed, reflecting a potential stabilization in the housing market.
Market Trends Indicate Stabilization
The median price for single-family homes in Massachusetts rose by 3.7 percent in 2025, concluding the year at $638,000. Cassidy Norton, associate publisher of The Warren Group, noted that these figures suggest a shift towards a more balanced market for both buyers and sellers. “The number of sales and median sale prices rose moderately rather than at a breakaway pace, indicating a better balance between sellers and buyers,” Norton stated. She attributed this stabilization to increased inventory and consistent mortgage rates.
As of January 15, 2025, the average rate for a 30-year fixed mortgage stood at 6.06 percent, according to data from Freddie Mac compiled by the Federal Reserve Bank of St. Louis. This rate is a decline from just under 7 percent a year earlier and represents the lowest level since September 2022.
Efforts to Address Housing Shortages
Governor Maura Healey signed a housing law in 2024 aimed at tackling the state’s significant housing shortage, which is estimated to exceed 200,000 units by 2030. In December, she reported that the state had either started or built 100,000 homes and highlighted the release of 450 acres of surplus state land for the development of thousands of new homes.
The housing market has experienced fluctuations over recent years. In 2022, prior to Healey’s administration, Massachusetts recorded 52,639 single-family home sales, with a median sale price of $550,000. That represented a decline of 15.9 percent in sales, while prices increased by 7.8 percent compared to 2021. In 2023, sales fell to 40,828, the lowest in twelve years, with a median price increase to $570,000. The recovery began in 2024, when sales rebounded to 42,138 with a median price of $615,000.
The modest rise in home sales and prices in 2025 may signal a shift in Massachusetts’ housing landscape. As efforts continue to address affordability and access, stakeholders in the real estate market are cautiously optimistic about the path ahead.
