Region experiences small uptick in home sales, prices — rest of state much higher

AP
Published: 06-24-2025 1:36 PM |
The most affordable homes in Massachusetts this year are selling in the four western-most counties, with the year-to-date median home sale price at $415,000 in Hampshire County and lower medians in Franklin ($348,500), Hampden ($320,000) and Berkshire ($325,000) counties.
That’s far less than what’s happening statewide, where the median home sale price has now topped $666,000, Real estate market analysts at The Warren Group announced last week.
The Warren Group said last week that there were 4,010 single-family home sales in the Bay State in May, a 2.4% increase over May 2024’s sales. The median price paid for those homes was up 4.7% year-over-year basis to hit $666,125, the organization said.
In Hampshire County, there were 92 total sales in May of this year compared to 89 the same month last year, a small 3.4% increase. Year-to-date through May, sales in the county stood at 350, an 11.5% increase over the first five months of 2024 when 314 homes were sold. The median price of those year-to-date sales came in at $415,000 this year, or 1.2% higher than $410,000 last year.
In Franklin County, there were 58 total sales in May of this year compared to 44 the same month last year, a 31.8% increase. Year-to-date through May, sales in the county stood at 192, an 10.3% increase over the first five months of 224 hwne 174 homes were sold. The median price of those year-to-date sales came in at $348,500 this year, or 12.4% higher than $310,000 last year.
“We talk a lot about lack of inventory, which is a problem, but still the state has seen an increase in the number of single-family sales since last year, as well as a rise in the median sale price,” Cassidy Norton, associate publisher of The Warren Group, said. “Median sale prices tend to follow a curve throughout the year, with the high point usually in June, so buyers who can hold on may see deals later in the year.”
So far in 2025, there have been 14,358 single-family home sales in Massachusetts, a 2.2% increase over the same five months of 2024. During that same span, the median price of a single-family home is up 5.1% to $620,000 so far this year, The Warren Group said.
Massachusetts has been coming to grips in recent years with its housing shortage, estimated to be 220,000-plus units by the end of the decade, and many Beacon Hill politicians routinely say the high cost of housing is repelling young people from the Bay State. A 2024 housing law included tools and resources meant to spur production of housing in an attempt to make it both more available and more affordable.
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On the condominium side of the market, The Warren Group said there have been 7,323 condo sales in the first five months of 2025, a 1.2% increase over 2024. The year-to-date median condo sale price is up 1.9% from the same checkpoint in 2024 to $539,000.
“Similar to single-family sales, condo sales have increased over 2024, but price growth has been more constrained,” Norton said. “The median condo sale price in May 2025 was the same as in May 2024.”