Discover why Massachusetts home prices are climbing and inventory is rising, offering both opportunities and challenges for buyers and sellers.

If you’re thinking about buying, selling, or investing, you need to know what’s happening in the Massachusetts real estate market. Let me break it down for you so you can make smart decisions.

Single-family homes: prices are climbing, but inventory is rising. The single-family home market is still strong. Prices are up 7.10% compared to last year. More homes are available, with inventory increasing by 9.65%. Units sold also went up by 3.83%. What does this mean for you? Buyers have more choices, but competition is keeping prices steady on the rise. If you’re thinking about selling, now is a great time.

Condos: steady but fewer sales. Condos are holding steady. Prices rose by 1.74%, and days on market stayed the same. However, sales dipped slightly, down 1.68%. If you own a condo, it’s still a good time to sell since prices are climbing.

Multifamily homes: the big winner. The multifamily market is hot. Sales jumped 7%, and listings increased 8%. Prices climbed nearly 11%, and homes are selling faster, with days on market down 10%. This is a great opportunity for investors looking to grow their portfolios.

“Prices are going up, but at a slower pace than in previous years because inventory is growing, offering more options for buyers.”

Commercial real estate: mixed signals. The commercial market is recovering but still facing challenges. Sales dropped 11.91%, but prices rose 6.62%. Listings are up 2%, showing signs of stability. If you’re looking for a deal, now might be the time to explore commercial properties.

Mobile homes: fastest price growth. Mobile homes saw the biggest price increase—up 15.49%. Units sold also rose slightly, and pending listings are up 6%. Affordable options like mobile homes are in high demand, making this a great market for buyers and sellers.

Rentals: steady with small increases. The rental market remains solid. Rentals closed increased by 3.47%, and rental prices climbed by 3.73%. If you’re a landlord, this is good news. For renters, prices are moving up slowly, so locking in a lease now could save you money.

Overall, the Massachusetts real estate market is steady. Prices are going up, but at a slower pace than in previous years because inventory is growing, offering more options for buyers. If you’re thinking about making a move, this is the time to act. If you have any questions, feel free to call or text me at 978-746-0124. Let’s talk about your next step in this market.