As MA Home Prices Rise, Condos Remain Steady

MASSACHUSETTS — Housing costs in Massachusetts continue to rise each month, but condo prices have remained relatively steady so far in 2025.

In The Warren Group's latest Massachusetts home sales report, the company found that the average Massachusetts home sale price for May was $666,125. That number is nearly 5 percent higher than May 2024.

However, the median condo price of $550,000 in May 2025 was the same as last year, and the year-over-year price for the median condo is less than $10,000 more than last year, sitting at $539,900.

There were 1,946 condominium sales in May 2025, compared to 1,923 in May 2024 – a 1.2 percent
increase.

There were 7,323 condominium sales in the first five months of 2025, a 1.2 percent increase from
2024, in which there were 7,017. Meanwhile, the year-to-date median sale price increased 1.9
percent from 2024 to $539,000.

“Similar to single-family sales, condo sales have increased over 2024, but price growth has been
more constrained,” said Cassidy Norton, associate publisher and media relations director at The Warren Group. “The median condo sale price in May 2025 was the same as in
May 2024.”

• Related: New Home Prices In MA's Biggest City Outpacing Prior Years
• Related: The Average MA Home Price Increased Again In April

May's totals bring the year-to-date sale price in Massachusetts up to $620,000, a five percent increase from the same period last year.

The trend of greater home sales and higher median sale prices is uniform both in the state as a whole and in the Greater Boston market.

In May, 2,022 home sales were recorded, nearly a 4 percent uptick from the same period in 2024. That comes with a rise in home price as well, with the median sale completed at $835,000 in May 2025 as opposed to $800,000 in May of last year.

For the year-to-date metric, the median sale price for a home in Greater Boston sits at $785,000, a 5.5 percent increase from this time last year.

• See also: MA Housing Agency's Expanded First-Time Homebuyer Program Could Be A Salve Amid Record-High Market