After a hot January, the condominium market in Arlington, Massachusetts, cooled off significantly in February, according to data compiled by the Massachusetts Association of Realtors.
Single-family home prices surged in February and through the first two months of the year on fewer sales year over year.
Median Sales Price: Single-family home values climbed significantly, demonstrating Arlington is a highly desirable location. The median price reached $1,975,000 in February, up 83 percent from $1,077,500 in February 2025.
Closed Sales: Home buyers purchased five houses, down 50 percent from 10 sales during the same month last year.
Inventory of Homes for Sale: The availability of housing options improved slightly for prospective purchasers, as the number of single-family homes on the market rose 67 percent, from six to 10.
Months Supply of Inventory: Relative to the current pace of sales, there was about two weeks of supply in February, up from about one week a year ago.
Percent of Original List Price Received: Sellers maintained strong leverage in negotiations, with home buyers frequently offering well above the initial asking price to secure a home. Home buyers paid 108 percent of the original listing price on average, up from 102 percent in February 2025.
Closed Sales: Nine sales in January and February combined, a 47 percent decrease from 17 during the same timeframe last year.
Percent of Original List Price Received: Through February, home buyers paid 105 percent of the original list price, up from about 104 percent during January through February in 2025.
Median Sales Price: The median condo price was $91,000 lower year over year in February. The median price declined 12 percent to $690,000 from $781,000 in February 2025.
Closed Sales: Condominium sales rose to nine in February, up from seven last year.
Inventory of Homes for Sale: Condominium inventory shrank in February to 14 units, down 22 percent from 18.
Months Supply of Inventory: There was 0.8 months of condo supply in February, down from 1.1 months in February 2025.
Percent of Original List Price Received: Competition for condominiums in Arlington cooled significantly in February. Home buyers paid, on average, almost 100 percent of the original listing price, down from slightly over 106 percent.
Median Sales Price: $1,046,500, up 29.5 percent from $808,000 during the same two-month period in 2025.
A new luxury condominium complex on Massachusetts Avenue significantly lifted prices in January, skewing the median condo price through the first two months of the year. According to MLS Property Information Network, 26 units closed for more than $1 million in January.
Closed Sales: Through February, 46 units closed, a 155 percent jump from 18 units the year before.
Percent of Original List Price Received: On average, home buyers paid 101 percent of the original listing price, down from 102 percent.
Bottom Line: The Arlington market remains competitive, fast-moving, and ever-changing. Single-family and condominium inventory was tight last month, and sellers will continue to have the upper hand until supply grows.
Pro Tip: What happened with condo prices in Arlington due to a new development emphasizes the need for homebuyers to work with a dedicated buyer agent who will conduct research and produce a comprehensive comparative market analysis.