BOSTON (SHNS) – There were slightly more single-family homes sold in Massachusetts in 2025 than in 2024 and the median price of those homes climbed at a faster clip, but observers say the housing market may be stabilizing.
The Warren Group reported 43,240 single-family home sales here during 2025, a 3% increase over 2024’s 42,138 single-family sales. But during the course of the year, the median single-family home sale price rose 3.7% and ended the year at $638,000.
Cassidy Norton, associate publisher of the industry data and analytics firm, said 2025’s results suggest the state’s housing market that has long been chaotic for prospective homebuyers who face chronic access and affordability barriers could be starting to settle down.
“The number of sales and median sale prices rose moderately rather than at a breakaway pace, indicating a better balance between sellers and buyers. Increased inventory and consistency in mortgage rates were significant contributors to this stabilization,” Norton said.
As of Jan. 15, the average 30-year fixed mortgage rate was 6.06%, according to data from Freddie Mac compiled by the Federal Reserve Bank of St. Louis. That’s down from an average of just under 7% one year ago and the lowest level since September 2022.
Gov. Maura Healey signed a housing law a year ago expecting it will help the Bay State chip away at a housing shortage estimated to be of more than 200,000 units by 2030. She said in December that the state has so far “started or built 100,000 homes” and touted her administration’s release of 450 acres of surplus state land “to be developed into thousands of new homes.”
In 2022, the last year before Healey took office, there were 52,639 single-family home sales here with a median sale price of $550,000 (sales down 15.9% and prices up 7.8% compared to 2021), according to Warren Group press releases.
Total sales fell to 40,828 in 2023, the lowest volume of sales in 12 years, while the median price rose to $570,000. In 2024, the median price for the year’s 42,138 sales climbed to $615,000.
