The Revere, Massachusetts, housing market moved in two directions in October. Single-family prices rose while condominium prices fell, and inventory tightened for both types of housing, according to data compiled by the Massachusetts Association of Realtors (MAR).
In October, the median sales price of single-family homes increased 14 percent to $685,000 from $600,000 in October 2024. Closed sales were flat at 11. Supply indicators tightened. The inventory of homes for sale declined about 15 percent to 22, and the number of months of supply remained at 2.0.
Sellers’ leverage eased as the percentage of the original list price received slipped to 99.7 percent from 105.3 percent in October 2024. Home buyer activity remained steady. Pending sales increased nearly 7 percent to 16, and new listings rose almost 18 percent to 20.
From January through October, the median price of a single-family home rose slightly while home buyer activity cooled. The median sales price rose 4 percent to $675,000 from $650,000 during the same 10-month period in 2024. Closed sales dropped 21 percent, declining to 105 from 133.
Sellers received 101.7 percent of the original listing price through October, down from 102.3 percent during the same timeframe last year. New listings decreased to 154 from 170.
Condominiums were a different story in October. The median condo price decreased 6 percent to $470,000 from $500,000 in October 2024, MAR reported. Closed sales nearly doubled to 15 from eight, and pending sales quadrupled to 24 from six in October 2024.
Related: 12 Questions to Ask Before Buying a Condo
With Revere condominium prices moderating and plenty of inventory, home buyers scooped up condominiums. Inventory contracted 50 percent to 36, and the number of months of supply fell to 2.8 from 7.1. The percentage of the original list price received softened to 97.7 percent from 100.2 percent. New units listed for sale increased 46 percent to 19.
Through October, condominium sales rose substantially, and prices fell by double digits. The median sales price dropped 11 percent to $439,000 from $492,000. Closed sales through the first 10 months of 2025 climbed to 134 from 75 during the same period last year. Sellers received 98 percent of the original list price, down from 101 percent. The number of new units listed increased to 201 from 155.
Bottom line: When prices moderate and inventory increases, home buyer demand is strong.
