MELROSE — The single-family homes sold here during the first two months of 2025 went for a median price over 16 percent higher than those houses sold in the same period last year, according to the latest report from The Warren Group, a leading provider of national real estate and transaction data.
The 11 single-families sold in January and February in Melrose fetched a median price of $880,000, compared to the 18 houses that sold for a median price of $757,000 in January and February 2024.
Last month, however, four single-families sold for a median of $771,000, nearly 5.5 percent lower than the $815,000 median price of seven single-families sold in the city in February 2024.
Statewide, the median single-family home price was $575,000 in February 2025, an increase of 4.2 percent over February 2024, according to The Warren Group,.
In February, there were 2,136 single-family home sales in Massachusetts, a 4.2 percent increase from February 2024 when there were 2,050 transactions. Meanwhile, the median single-family home price increased 4.9 percent on a year-over-year basis to $575,000.
There were 4,765 single-family home sales in the first two months of 2025, a 7 percent increase from 2024. The median single-family home sale price increased 5.5 percent on the same basis to $580,000.
“In a continuation of trends set at the end of 2024, the number of single-family home sales and the median sale price are both up slightly from a year before,” said Cassidy Norton, associate publisher and Media Relations director of The Warren Group. “The median home sale price is down $10,000 from January, which is usual for the month-over-month period. Looking at previous patterns, March should see a jump in both the number of sales and the median price versus February.”
Condominiums
There were 1,108 condominium sales in February 2025, compared to 1,077 in February 2024 – a 2.9 percent increase. Meanwhile, the median condo sale price increased 4.3 percent on a year-over year basis to $511,000, up from $490,000 in February 2024.
There were 2,266 condominium sales in the first two months of 2025, a 10.5 percent increase from 2024, in which there were 2,050. Meanwhile, the year-to-date median sale price increased 5 percent from 2024 to $525,000.
“Condominium sales followed broadly the same patterns as single-family sales,” Norton added. “The 10 percent year-to-date increase in sales may reflect an increase in inventory, potentially illustrating a loosening in the market.”
In Melrose, four condos sold in February for a median price of $518,000. In February 2024, two condos sold for a median price of $1,227,500.
The seven condos sold during the first two months of this year went for median price of $650,000.
Greater Boston single-family homes
There were 943 single-family home sales in the Greater Boston housing market in February 2025, which marked a 6.2 percent increase from February 2024, when there were 888 transactions. Meanwhile, the median single-family sale price increased 5.9 percent on a year-over-year basis to $735,000. Year-to-date, there were 2,173 single-family home sales in the Greater Boston housing market in 2025 – up 5.9 percent from 2024 – with a median sale price of $745,000 – up 7.7 percent from 2023.
Greater Boston condominiums
In February, there were 774 condo sales in the Greater Boston housing market, down from 777 sales in February 2024, marking a 0.4 percent decrease. Meanwhile, the median condo price increased 9.4 percent on the same basis to $600,000, up from $571,000 a year earlier. Year-to-date, there were 1,583 condo sales in the Greater Boston housing market in 2025 – up 9.4 percent from 2024 – with a median sale price of $610,000 – up 2.5 percent from 2023.