Massachusetts Housing Market – Feb 2025

Key Trends
Sales Dip: U.S. existing-home sales fell 4.9% month-over-month.
Prices Up: Median home prices rose 5.4% for single-family homes ($600K) and 7% for condos ($534,950).
Tighter Inventory: Homes for sale dropped 14.9% (single-family) and 5.5% (condos).
New Listings Down: Fewer new homes hit the market, down 8.9% (single-family) and 3.7% (condos).

What It Means
Higher prices + low inventory = a competitive market. Buyers, act fast. Sellers, pricing strategy matters.

The Massachusetts real estate market remained competitive in February 2025, with home prices continuing to rise despite a slowdown in sales. The median sales price for single-family homes increased by 5.4% to $600,000, while condominium prices jumped 7% to $534,950. However, inventory remains tight, with homes for sale down 14.9% for single-family properties and 5.5% for condos. Additionally, new listings declined, making it even more challenging for buyers to find available properties.

While overall home sales saw little movement—remaining flat for single-family homes and dipping 1.5% for condos—rising prices indicate that demand is still strong, despite elevated interest rates. With fewer new listings hitting the market, competition is likely to stay high, putting pressure on buyers to act quickly and make strong offers. Sellers still hold an advantage but must price their homes strategically to attract motivated buyers.

For those looking to buy or sell in Massachusetts, having a solid strategy is crucial. Whether you’re navigating a competitive bidding environment or trying to maximize your home’s value, working with an experienced real estate professional can make all the difference. Visit RealtorMikeMahoney.com for expert guidance on buying or selling in today’s market.

Thinking of buying or selling? Let’s chat!

Search for your next home now. See what your neighbor’s place sold for.

 

If you want help weighing your options and thinking through how the current market factors in, let’s connect.

Michael Mahoney
617-615-9435
mike@mmahoney.com
MA. License #9051300
Real Broker LLC License #423031

  Schedule a Call with Mike Now

Linkedin Profile | Resume | Brochure  | Client Testimonials | Facebook Page   Twitter   Youtube  Instagram

See all the Properties in Greater Boston @ www.HomesinBostonMass.com

I am Michael Mahoney, a full time Realtor in Greater Boston focused on Norfolk & Suffolk Counties. I have been helping people fulfill the “American Dream” through home ownership, real estate wealth building, and real estate investment for over 2 decades.

My goal is to help people “go from the life they have to the life they dream about” using real estate as means to build wealth and financial security. If you want to make a change, I help people go from the “what if” to the “what is”.

I work in all price points. The majority of my business is repeat clients and the referral of clients from all over Eastern Massachusetts.

I view my role as the advisor who helps people go from the life they have to the life they dream about. I help people go from the “what if” to the “what is”

I have sold everything from mobile homes to amazing estates. I have sold hundreds of homes, multi families and condos in almost every town in Suffolk and Norfolk County. I also sell homes in Plymouth, Bristol and Middlesex Counties. When asked what my specialty is, I often joke and say “from section eights to great estates”.

There is no property too small or too large in the residential space that I would shy away from.

All of my personal sales and marketing endeavors are supported by top-of-the-line personal market research completed carefully with expertise in order to create strategically targeted marketing collateral and campaigns for clients. I personally have a stand by commitment of 7-days a week for my clients. I aim to cultivate my own reputation for quality, professionalism and your results.

From selling hundreds of homes in Greater Boston comes experience and situational awareness that can only be developed over time which is a tremendous value to clients.

Some of my service areas include:

Service of My Service Areas Include:

Ashland Attleboro Avon Bellingham Boston Braintree Brockton Canton
Dedham Dorchester Dover Foxboro Framingham Franklin Holbrook
Holliston Hopedale  Hyde Park Mattapan Medfield Medway
Milford Millis Milton Natick Norfolk North Attleboro  Norwood Plainville 
Quincy Randolph Roslindale Sharon Sherborn Stoughton Walpole Wellesley
West Roxbury Westwood Weymouth Wrentham