Massachusetts Median Home Prices Cross the $400,000 Threshold for the First Time

Front Porch Of Resedential Home With Autumn DecorationsThe median price for a single-family home hit an all-time high in June and went over $400,000 for the first time. Both single-family homes and condominiums saw a drop in sales in June from last year. Inventory also reached the lowest level for the month of June since MAR began recording the data in 2004.

Read more in the full June 2017 Closed Sales Release.

  • June single-family home sales went down -4.8% over last year (6,614 sales in 2017 from 6,948 sales in June 2016)
  • June single-family median prices went up 7.9% year-over-year (to $410,000 in 2017 from $380,000 in June 2016)
  • June condo sales went down -5.6% and median prices went up 3.3% (to $361,500)
  • Inventory in June went down -32.4% to 13,973 and condominiums available down -27.9% to 3,820
  • SF listings added to the market in June went down -7.3% over last year. (7,904 from 8,529 in 2016)
  • Condo listings added to the market went up 0.4% over last year. (2,863 from 2,852 in 2016)