MELROSE — The median price of a single-family home here keeps rising.
According to the latest report from The Warren Group, a leading provider of national real estate and transaction data, 18 single-families sold in Melrose last month for a median price of $948,625, a 13.4 percent increase over the $836,500 median price fetched by the 18 homes sold in May 2024.
Between January and the end of May, 54 single-family homes were sold in the city, bringing a median price of $925,000. During the same period last year, 59 single-family homes were sold for a median price of $856,000.
Statewide, the median single-family home price was $666,125 in May 2025, an increase of 4.7 percent over May 2024, according to The Warren Group.
In May, there were 4,010 single-family home sales in Massachusetts, a 2.4 percent increase from May 2024 when there were 3,915 transactions. Meanwhile, the median single-family home price increased 4.7 percent on a year-over-year basis to $666,125.
“We talk a lot about lack of inventory, which is a problem, but still the state has seen an increase in the number of single-family sales since last year, as well as a rise in the median sale price,” said Cassidy Norton, associate publisher and media relations director at The Warren Group. “Median sale prices tend to follow a curve throughout the year, with the high point usually in June, so buyers who can hold on may see deals later in the year.”
Condominiums
There were 1,946 condominium sales in May 2025 across the state, compared to 1,923 in May 2024 – a 1.2 percent increase. Meanwhile, the median condo sale price changed not at all on a year-over-year basis; the median sale price in both May 2024 and May 2025 was $550,000.
There were 7,323 condominium sales in the first five months of 2025, a 1.2 percent increase from 2024, in which there were 7,017. Meanwhile, the year-to-date median sale price increased 1.9 percent from 2024 to $539,000.
“Similar to single-family sales, condo sales have increased over 2024, but price growth has been more constrained,” Norton continued. “The median condo sale price in May 2025 was the same as in May 2024.”
In Melrose, eight condos were sold in May 2025, for a median price of $486,000. During May last year, nine condos sold for a median price of $430,000.
Through the first five months of 2025, 28 condos sold in Melrose, bringing a median price of $467,550. Between January and May last year, 19 condos sold for $549,000.
Greater Boston single-family homes
There were 2,022 single-family home sales in the Greater Boston housing market in May 2025, which marked a 3.9 percent increase from May 2024, when there were 19,47 transactions. Meanwhile, the median single-family sale price increased 4.4 percent on a year-over-year basis to $835,000. Year-to-date, there were 6,846 single-family home sales in the Greater Boston housing market in 2025 – up 2.5 percent from 2024 – with a median sale price of $785,000 – up 5.5 percent from 2024.
Greater Boston condominiums
In May, there were 1,485 condo sales in the Greater Boston housing market, up from 1,424 sales in May 2024, marking a 4.3 percent increase. Meanwhile, the median condo price did not change; it was $635,000 in May 2024 and 2025. Year-to-date, there were 5,294 condo sales in the Greater Boston housing market in 2025 – up 3.1 percent from 2024 – with a median sale price of $630,000 – up 1.6 percent from 2024.