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Buyers of condos and single-family houses came out of hiding as the fall Massachusetts housing market opened, with sizable increases in the number of units sold.
According to data from The Warren Group, the publisher of Banker & Tradesman, the median condo sale price in Massachusetts was $503,450 for September, a 2.2 percent drop year-over-year. The year-to-date median sales price held flat at $540,000.
“A significant increase in condo inventory earlier this year contributed to a surge in sales and helped keep prices down,” Cassidy Norton, associate publisher and media relations director of The Warren Group, said in a statement. “Lower interest rates on mortgages also contributed to the increase in sales.”
There were 1,610 condo sales in Massachusetts in September, an 8.9 percent increase year-over-year. Year to date, there have been 14,756 condo sales, an increase of 4 percent year-over-year.
The increase in condo sales comes on the heels of a modest build-up of inventory on the Massachusetts housing market: a nearly 26 percent year-on-year increase in April that had dwindled to a mere 5 percent increase year-on-year last month, according to the Massachusetts Association of Realtors.
Market-watchers have blamed a mix of factors, from fewer investor-buyers to uncertainty over the economy and the fates of the state’s higher education and biotech industries for nearly 24 percent jump in time-on-market for condos sold via MLS PIN.
The Massachusetts single-family market was just as active in September. There were 3,769 sales, The Warren Group reported, an 8 percent increase year-over-year. But year-to-date, there has only been a 3 percent growth in the number of sales, ending the month at 31,980.
The September housing market showed continued signs of shifting dynamics,” Norton said. “A recent mortgage rate cut, increased inventory, and the approaching end of the year are all contributing to a slower, more thoughtful market. Anticipated additional rate cuts will continue the trend.”
Single-family homes in Massachusetts saw expected price appreciation despite the increase in sales. The Massachusetts median single-family home price was $625,000 in September 2025, an increase of 4.2 percent compared to September 2024. The median single-family home sale price increased 3 percent on a year-to-year basis to $640,000.
