Condo sales brisk in August
WAKEFIELD — Condominium sales in town more than doubled year-over-year last month, according to a new report from The Warren Group, a leading provider of national real estate and transaction data.
The report shows that 19 condos sold around Wakefield in August, for a median price of $584,000. In August 2024, eight condos sold for a median price of $624,950.
Through the first eight months of 2025, 87 condos were sold in Wakefield. During the same time last year, 44 had been sold. The median price of the condos sold from January 1 to the end of August this year was $599,000. The median price of those condos sold during the same period in 2024 was $550,000.
Across the state, there were 1,893 condominium sales in August 2025, compared to 1,804 in August 2024 – a 4.9 percent increase. Meanwhile, the median condo sale price decreased 3.1 percent on a year-over year basis to $526,000, down from $542,635 in August 2024.
There were 13,146 condominium sales in the first eight months of 2025, a 3.5 percent increase from 2024, in which there were 12,702. Meanwhile, the year-to-date median sale price was flat at $545,000 for both years.
“The condo market underwent a bit of an adjustment earlier this year, and purchases made in June and July are reflected in the August numbers,” said Cassidy Norton, associate publisher and Media Relations director of The Warren Group. “For the first time since 2011, the condo market had four months of inventory in May. That’s exactly what the market needs to moderate prices, and is reflected in an increase in sales versus August of last year, as well as drop in the median sale price.”
The median sale price for a single-family home in Wakefield was up year-over-year again last month.
Eleven single-families sold in town in August for a median price of $865,000. In August 2024, 17 single-facies sold in Wakefield for a median price of $800,000.
Through the first eight months of 2025, 121 single-families sold in Wakefield for a median price of $850,000. For the same period in 2024, 120 single-families sold in town for a median price of $830,000.
Across Massachusetts the median single-family home price was $658,200 in August 2025, an increase of 4.2 percent over August 2024, according to a new report from The Warren Group, a leading provider of national real estate and transaction data.
In August, there were 4,422 single-family home sales in Massachusetts, a decrease of 2.1 percent from August 2024 when there were 4,519 transactions. Meanwhile, the median single-family home price increased 4.2 percent on a year-over-year basis to $658,200.
There were 28,210 single-family home sales in the first eight months of 2025, a 2.7 percent increase from 2024. The median single-family home sale price increased 4 percent on the same basis to $645,000.
“Following the usual pattern, the median sale price in August was up versus 2024 but down versus July,” Norton explained. “Buyers who are looking now are likely to see lower prices and reductions from earlier in the year. Interest rates are down at the moment, which may help some buyers and sellers decide to enter the market.”
Greater Boston single-family homes
There were 2,236 single-family home sales in the Greater Boston housing market in August 2025, which marked a 0.9 percent increase from August 2024, when there were 2,215 transactions. Meanwhile, the median single-family sale price increased 3.1 percent on a year-over-year basis to $820,000. Year-to-date, there were 13,963 single-family home sales in the Greater Boston housing market in 2025 – up 2.9 percent from 2024 – with a median sale price of $810,000 – up 4.5 percent from 2024.
Greater Boston condominiums
In August, there were 1,360 condo sales in the Greater Boston housing market compared to 1,331 sales in August 2024, marking a 2.2 percent increase. Meanwhile, the median condo price decreased 3.2 percent on the same basis to $600,000, down from $620,000 a year earlier. Year-to date, there were 9,603 condo sales in the Greater Boston housing market in 2025 – up 2.7 percent from 2024 – with a median sale price of $626,000 – a decrease of 0.6 percent.