The median price of a Greater Boston single-family home increased during the first half of the year, while condominium prices were flat.
The median house price cost home buyers $35,050 more during the first six months of 2025 compared to the first half of 2024, according to data compiled by The Warren Group. The median price rose from $764,950 to $800,000, a 5 percent increase. The median price in June rose 2 percent to $850,000 from $832,000 in June 2024.
Condominium buyers in Greater Boston experienced a less significant increase in prices, with median condo prices rising $3,500 or less than 1 percent. The median condo price was $630,000 through June. Condominium prices fell 3 percent in June to $640,000 from $660,000 in June 2024.
Statewide, the median price of a single-family house increased 2 percent. In comparison, condominium prices rose 1 percent from January through June, The Warren Group, a real estate news, data, and analytics company, reported on July 22, 2025.
Through the first six months of 2025, Greater Boston single-family home sales rose 3 percent to 9,284 compared to 9,033 during the first half of 2024. In June, house sales increased 4 percent to 2,437 from 2,351 sales.
With price growth slower in the Greater Boston real estate market in 2025, condominium sales rose 4 percent during the first half of the year and nearly 7 percent in June. Homebuyers purchased 6,827 units through June, compared to 6,573 during the same timeframe in 2024. There were 1,533 sales in June, up from 1,439 in June 2024.
Massachusetts single-family home sales were up nearly 6 percent in June and 3 percent through June. Statewide, condo sales rose by 6 percent in June and 5 percent through June.
Real estate price growth has slowed, but a drop in interest rates in the fall could spark a market surge and push prices higher.
Mortgage Interest Rates Flat
The 30-year, fixed-rate mortgage loan dipped to 6.74 percent for the week ending July 24, 2025, down slightly from 6.75 percent, according to loan data compiled by Freddie Mac's weekly Primary Mortgage Market Survey. A year ago, the 30-year note averaged 6.78 percent.
Freddie Mac's Chief Economist Sam Khater said, "Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth."
Mortgage applications for home purchases have risen recently and far outpaced 2024 during the same period, according to the Mortgage Bankers Association. The seasonally adjusted Purchase Index for the week ending July 18, 2025, increased 3 percent from one week earlier. The unadjusted Purchase Index increased 4 percent compared with the previous week and was 22 percent higher than the same week one year ago.
