The Average Cape Cod Home Now Costs Over $700K, Study Finds

CAPE COD, MA — Prices for the average Massachusetts home continue to rise, with April's total reaching $630,000, a new report showed.

The Warren Group published its April home sales report, finding that the 2025 price topped the 2024 median price by $20,000, the same mark as March. So far this year, the average price of all homes sold is $25,000 more than the same period in 2024.

There were 10,348 single-family home sales in the first four months of 2025, a 2 percent increase from 2024. The median single-family home sale price increased 4.3 percent on the same basis to $600,000.

Home sales in Massachusetts are up compared to this time last year, with over 200 more homes off the market than the previous period. April didn't follow that trend, however, with slightly fewer homes selling across the Commonwealth.

On Cape Cod, home sales were down in April and for the year.

In April, 228 homes sold compared to 247 in 2024. For the year, Barnstable County has seen 753 home sales compared to 788 over the same period in 2024.

One positive trend for homebuyers came in April, when the average sale price for the month fell $40,000 compared to last year. Still, it's well over the state average, with the average sale price both for April and the year now sitting at $705,000.

Though that number is lower than April 2024, it's up when it comes to year-over-year figures from the $690,556 mark over the same period last year.

"The number of single-family home sales in April was only four less than April 2024, so just about even with last year," the Warren Group's Associate Publisher and Media Relations Director, Cassie Norton, said. "Hopefully that's an indication that the number of homes on the market is increasing and easing the inventory crunch somewhat."

• Related: MA Homebuilding, Affordability Gets An "F" Grade In Recent Report

Norton noted last month, however, that an increase in homes won't necessarily mean an easier time for buyers, as initially thought.

"Given the current state of the federal government, it's impossible to predict what interest rates will do, or whether inflation will continue to constrain the buying power of prospective home buyers," Norton said.

• Related: The Average MA Home Sold For $600K In March: Warren Group