Massachusetts single-family home sales declined, and sales rose less than 1 percent in Greater Boston in August, according to data compiled by The Warren Group.
Single-family home sales statewide fell nearly 3 percent in August to 4,422 compared to 4,519 in August 2024. Through the first eight months of the year, house sales increased to 28,210, about a 3 percent increase from 27,471 in August 2024.
The median house price increased by 4 percent in August to $658,200 from $631,500 in August 2024. From January through August, the median price of a single-family home also rose 4 percent to $645,000 in August, up from $620,000 the previous year.
Greater Boston House Sales Flat
Greater Boston single-family sales rose by just 21 houses in August to 2,236 compared to 2,215 in August 2024. The Warren Group, a real estate and mortgage data company, defines Greater Boston as the 139 cities and towns located within Interstate 495. Through August, Greater Boston house sales increased to 13,963, about a 3 percent increase from 13,567 in August 2024.
The median house price reached $820,000 in August, a 3 percent increase from $795,000 in August 2024. Through August, Greater Boston home buyers paid more than in 2024, with the median price rising almost 5 percent to $810,000.
Massachusetts Condominium Prices Decline in August
Condominium prices statewide declined in August and were flat through the first eight months of the year, according to The Warren Group.
The median condo price statewide fell three percent in August to $526,000 from $542,635 in August 2024. The median condo price stood at $545,000 through August this year and last year.
Statewide, softening condominium prices have led to increased sales. The number of units sold rose 5 percent in August to 1,893 and increased by almost 4 percent through August to 13,146.
Greater Boston Condo Price Fall in August
The median condo price in Greater Boston dropped 3 percent in August to $600,000 compared to $620,000 in August 2024. Condominium prices were flat from January through August, with a slight decline of $4,000 to $626,000.
August condo sales rose 2 percent to 1,360 units sold, and through August, homebuyers purchased 9,603 condominiums in Greater Boston, a nearly 3 percent increase.
Mortgage Interest Rates Rise Slightly
Following several weeks of decline, the average mortgage interest rate inched up for the week ending September 25, 2025, according to data compiled by Freddie Mac.
Freddie Mac’s Primary Mortgage Market Survey reported the 30-year, fixed-rate mortgage loan averaged 6.30 percent, up from 6.26 percent the previous week. A year ago, the 30-year note averaged 6.08 percent.
Due in part to lender competition, highly qualified prospective homebuyers in Massachusetts tend to secure interest rates slightly better than the national average.
