Massachusetts August 2025 Market Update: Condos, Rentals, & Family Homes

By Chris Doherty

Christian Doherty lists and sells more homes than any other agent in the Greater Lowell, Massachusetts market with over 300 homes sold in the past 12 months. Chris is ranked in the top 1% of all agents in the United States.

Where is the Massachusetts real estate market headed? I’ve been keeping a close eye on the numbers, and I want to share what’s really happening so you know where things stand and what might be coming next. Every area is a little different; what’s going on in Boston won’t look the same as Worcester. So, let me give you the bigger picture across the state.

Massachusetts single-family market trends. So far this year, the number of single-family listings is up 6.98%. Last year we had 30,559, and this year it’s 32,691. Closed sales are also up 1.79%, which makes sense as more homes on the market mean more opportunities to close.

Prices are also still moving upward. The average list price has climbed 5.94%, from $807,000 to $855,000. Meanwhile, the average sale price is up 5.22%. Even with more supply, values are still rising, and that creates some opportunities for buyers who’ve been waiting for the right moment to jump in.

Days on market. Homes are taking a little longer to sell compared to last year. The average days on market went from 34 to 37, and the average days to offer went from 23 to 25. The market is still strong, but buyers now have a bit more breathing room to make decisions.

Condo market. Condos are showing some different patterns. Inventory has jumped 12%, moving from 14,744 to 16,574, but closed sales are up only 0.78%. The demand isn’t keeping pace with the extra supply.

We’re also seeing condos take longer to go under agreement. Days on market increased from 39 to 43, and days to offer went from 26 to 30. Prices are still inching up, with a 2.48% rise from $711,000 to $729,000.

Multifamily market. The multifamily market has seen a 10.72% increase in listings, from 4,886 to 5,410. At the same time, closed sales are down 2.97%, dropping from 33,234 last year to 31,380 this year.

Even with fewer sales, prices are higher. The average sale price is up 4.91%, from $823,000 to $864,000. The big takeaway here is for sellers: with higher interest rates and tougher cap rates, investors are being more selective. Pricing your property realistically is the key—go too high, and your property could sit.

Rental market. The rental market has also seen some changes. Inventory is up 9.94%, which means tenants have more options to choose from. Closed units are up 1.53%, and rental prices are up about 1.5%. That’s much slower growth than in the past, which shows rents are starting to stabilize.

New Hampshire market snapshot. New Hampshire is following a very similar path to Massachusetts, and in some ways, it’s even stronger. Prices continue to rise, and inventory is building. For buyers, that means more opportunity, and getting an inspection or including contingencies is becoming realistic again.

Across Massachusetts and New Hampshire, the markets are still strong, but they’ve stabilized. Supply is increasing, prices are rising moderately, and buyers have more room to move. Sellers can still do very well, but only if they price realistically.

Every town has its own trends. If you want to know what’s happening in your specific area, don’t hesitate to reach out. Call me at 978-746-0124 or send an email to chris@dohertyproperties.com. I’d be glad to share the numbers with you.