MELROSE — The 24 single-family homes sold in the city last month fetched a median price of $1.2 million, according to a new report from The Warren Group, a leading provider of national real estate and transaction data.
The report shows also shows a 33.3 percent increase year-over-year, as 21 single-families sold in Melrose in August 2024 had a $900,000 median sale price.
Through the first eight months of this year, 131 single-family homes had been sold in Melrose, the same as had been sold in the first eight months of 2024. The big difference is the median price: $995,000 year to date through August 2025, and $870,000 through August 2024.
Across the Commonwealth, 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,” said Cassidy Norton, Associate Publisher and Media Relations Director of The Warren Group. “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.”
Condominiums
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,” Norton continued. “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.”
In Melrose, 10 condos sold last month for a median price of $472,500. In August 2024, the median price of the nine condos sold was $625,000.
Through the end of August, 56 condos had sold in 2025 for a median price of $507,000.
Through the end of August 2024, 42 condos had sold for a median price of $600,000.
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.