MELROSE — The seven single-family homes that sold in the city last month fetched a median price of $1,050,000, according to the latest report from The Warren Group, a leading provider of national real estate and transaction data.
That is in remarkable contrast to the 11 single-families that sold in Melrose in January 2024, which boasted a median sales price of $755,000. While the number of single-families sold in the city in the first month of 2025 was 36.4 percent less than January 2024, the median sales price of nearly 40 percent higher.
Statewide there were 2,626 single-family home sales in Massachusetts in January, a 9.3 percent increase from January 2024, when there were 2,403 transactions. Meanwhile, the median single-family home price increased 6.4 percent on a year-over-year basis to $585,000, a new all-time high for the month of January.
“Massachusetts saw a total of 2,626 single-family home sales in the first month of the year, marking a 9.3 percent increase from 2024,” said Cassidy Norton, associate publisher and Media Relations director of The Warren Group. “The year began with a record-setting median sale price of $585,000, up 6.4 percent from January 2024.”
Condominiums
There were 1,159 condominium sales in January 2025, compared to 973 in January 2024 – a 19.1 percent increase. Meanwhile, the median condo price increased 4.5 percent on a year-over-year basis to $530,000, up from $507,000 in January 2024, marking a new all-time high for January condo prices.
“There were 1,159 condos sold in January, marking a 19 percent increase from the previous year,” Norton added. “The median sale price reached an all-time high of $530,000, up 4.5 percent from 2024. The increase in sales figures may indicate a rise in inventory as we head into the 2025 spring market, a welcome respite from several years of record-low homes for sale.”
In Melrose, three condos sold in January 2025 for a median price of $655,000. According to The Warren Group report, no condos sold in the city in January 2024.
Greater Boston single-family homes
There were 1,229 single-family home sales in the Greater Boston housing market in January 2025, which marked a 10.6 percent increase from January 2024, when there were 1,111 transactions. Meanwhile, the median single-family sale price increased 8.7 percent on a year-over-year basis to $750,000.
Greater Boston condominiums
In January, there were 810 condo sales in the Greater Boston housing market, up from 670 sales in January 2024, marking a nearly 21 percent increase. Meanwhile, the median condo price decreased by 0.8 percent on the same basis to $620,000, down $5,000 from last year’s median of $620,000.