MELROSE — During the first half of 2025, single-family homes here sold for a median price $82,500 higher than in the same period a year ago.
According to the latest report from The Warren Group, a leading provider of national real estate and transaction data, 77 single-families sold in Melrose between January 1 and the end of June for a median price of $952,500. During the first half of 2024, 91 single-family homes sold in the city for a median price of $870,000.
Last month alone, 23 single-families sold here for a median price of $980,000. In June 2024, 32 single-families sold for a median price of $937,500.
Statewide, the median single-family home price was $687,500 in June 2025, an increase of 3.1 percent over June 2024, according The Warren Group report.
In June, there were 4,706 single-family home sales in Massachusetts, a 5.5 percent increase from June 2024 when there were 4,459 transactions. Meanwhile, the median single-family home price increased 3.1 percent on a year-over-year basis to $687,500.
There were 19,065 condominium sales in the first six months of 2025, a 3 percent increase from 2024, in which there were 18,509. Meanwhile, the year-to-date median sale price increased 4.1 percent from 2024 to $620,000.
“Despite inventory increase in certain markets, median prices continue to rise, indicating no relief on prices.,” said Cassidy Norton, associate publisher and media relations director at The Warren Group. “However, June historically has the highest number of sales of an individual month. It’s also usually the month where median sale prices peak. Moving into the latter half of the year, the overall median price will likely drop month-over-month, but not year-over-year.”
Condominiums
There were 2,056 condominium sales in June 2025, compared to 1,938 in June 2024 – a 6.1 percent increase. Meanwhile, the median condo sale price dropped by 0.3 percent to $568,250 – a reduction of $1,750 versus the median sale price in June 2024.
There were 9,379 condominium sales in the first six months of 2025, a 4.7 percent increase from 2024, in which there were 8,955. Meanwhile, the year-to-date median sale price increased 0.9 percent from 2024 to $545,000.
“The median sale price for condos in June dropped versus 2024, but unfortunately, $1,750 is a statistically insignificant number,” Norton continued. “Still, price growth in the condo market is more contained than that of the single-family market, which is good news for buyers with flexibility in their choices.”
In Melrose, 10 condos sold last month for a median price of $561,950. In June 2024, five condos sold for a median price of $600,000.
Through the end of June, 38 condos have been sold in Melrose so far in 2025 for a median price of $511,950. During the same time last year, 24 condos sold for a median price of $557,000.
Greater Boston single-family homes
There were 2,351 single-family home sales in the Greater Boston housing market in June 2025, which marked a 3.7 percent increase from June 2024, when there were 2,437 transactions. Meanwhile, the median single-family sale price increased 2.1 percent on a year-over-year basis to $850,000. Year-to-date, there were 9,284 single-family home sales in the Greater Boston housing market in 2025 – up 2.1 percent from 2024 – with a median sale price of $800,000 – up 4.7 percent from 2024.
Greater Boston condominiums
In June, there were 1,439 condo sales in the Greater Boston housing market, up from 1,533 sales in June 2024, marking a 6.5 percent increase. Meanwhile, the median condo sale price dropped 3 percent to $640,000. Year-to-date, there were 6,573 condo sales in the Greater Boston housing market in 2025 – up 3.9 percent from 2024 – with a median sale price of $630,000 – up 0.6 percent from 2024.