2025 Quarter Three Market Report

Page 1


EXECUTIVE SUMMARY

As we move through the final quarter of 2025, the real estate markets in Massachusetts and Rhode Island continue to show steady strength and growing balance. After several years of ups and downs, activity across our regions points to a market settling into a healthier rhythm, one defined by thoughtful buyers, realistic sellers, and renewed confidence on both sides of the table.

Mortgage rates have held fairly steady, averaging between 6.6% and 6.8%, which has brought more predictability back to the process. While affordability remains a factor, stable rates and improving inventory are giving buyers and sellers more room to make decisions with clarity.

Across much of Massachusetts, we’re seeing encouraging signs of movement and stability:

• Greater Boston Western Suburbs: New listings are up about 7% year-over-year, and the median price has climbed to $1.73 million. Seller confidence remains strong in this highdemand area.

• Greater Boston Northern Suburbs: A balanced market, with prices holding near $845k and homes selling quickly when priced appropriately.

• Metrowest: Listings increased nearly 15%, and median sold prices are up about 5%, signaling a market that’s active and well-balanced.

• North Shore: Homes continue to sell close to asking price, with closed-to-list ratios around 102%, showing ongoing competition for wellpresented properties.

• Greater Worcester Area: Activity remains solid, supported by relative affordability and strong interest from both first-time and move-up buyers.

In Rhode Island, steady demand continues to drive a healthy market:

• Greater Providence saw prices rise about 7% year-over-year, with demand outpacing supply

in many communities.

• Bristol County continues to attract buyers looking for value and proximity to both Boston and Providence. Listings are up 11%, and closed sales climbed more than 30%, reflecting healthy demand across price points.

• Newport County held steady around $825,000, driven by lifestyle-focused buyers and secondhome seekers.

• South County remains active and wellbalanced, with homes spending an average of about 36 days on market.

Across all our markets, homes that are priced right and presented well continue to sell quickly. Buyers are coming to the table informed and ready, and sellers who align with today’s market realities are seeing great results.

This report offers a clear look at local trends and what they mean for you, whether you’re thinking about buying, selling, or simply staying informed.

At Berkshire Hathaway HomeServices

Commonwealth Real Estate, we’re dedicated to helping you move forward with confidence. Our local expertise, paired with the strength and trust of the Berkshire Hathaway brand, ensures you have the insight and guidance to make smart real estate decisions.

GLOSSARY

New Listings

The number of homes that were listed for sale during the reporting period. A good indicator of inventory coming onto the market.

Closed Sales

The number of homes that sold and completed the closing process during the reporting period.

Closed Average Days On Market (DOM)

The average number of days it took for sold homes to go under contract. A shorter DOM typically signals higher buyer demand.

Months Supply of Inventory

The number of months it would take to sell all active listings at the current pace of sales.

• 6+ months typically signals a buyer’s market

• Less than 6 months typically signals a seller’s market

Absorption Rate

The rate at which homes are selling, expressed as a percentage of available inventory sold in a given time period. A higher rate means homes are selling quickly.

Median List Price

The number of homes currently for sale, along with the median asking price of those listings. This helps indicate current seller expectations.

Median Sold Price

The middle price of all homes sold. Half of the homes sold above this price, and half sold below. This helps indicate overall market trends.

List/Sold Price Ratio

The final sale price compared to the original list price, shown as a percentage.

• 100% means homes are selling at asking price

• Above 100% means over-asking

• Below 100% means buyers are negotiating price reductions

Average Price Per Square Foot (PPSF)

The median sale price divided by the square footage of each property. It shows how much buyers are paying per square foot of living space.

MASSACHUSETTS REGIONS

GREATER BOSTON WESTERN SUBURBS

GREATER BOSTON NORTHERN SUBURBS

Single Family Homes, Condominiums

Towns included in the Greater Boston Northern Suburbs region: Arlington, Belmont, Billerica, Burlington, Lexington, Malden, Medford, Melrose, North Reading, Reading, Stoneham, Waltham, Wakefield, Watertown, Wilmington, Winchester, Woburn

GREATER BOSTON NORTHERN SUBURBS

86 BUTTERNUT CIRCLE, CONCORD See similar listings

NORTHWEST SUBURBS

Single Family Homes, Condominiums

NORTHWEST SUBURBS

Single Family Homes, Condominiums

1 GRANITE DR,

See similar listings

MILLIS

METROWEST

Single Family Homes, Condominiums

Towns included in the Metrowest region: Ashland, Framingham, Holliston, Hopkinton, Marlborough, Millis, Natick, Northborough, Sherborn, Southborough, Sudbury, Wayland

$1,648,000

$1,089,133 $1,131,983 $1,010,000 $1,215,000

150 SEAPORT BLVD, BOSTON See similar listings

BOSTON & INNER SUBURBS

Single Family Homes, Condominiums

Towns and neighborhoods included in the Boston & Inner Suburbs region: Allston, Back Bay, Bay Village, Beacon Hill, Boston, Brighton, Brookline, Cambridge, Charlestown, Chelsea, Dorchester, East Boston, Everett, Fenway, Jamaica Plain, Mission Hill, North End, Revere, Roslindale, Roxbury, Seaport, Somerville, South Boston, South End, Waterfront, West Roxbury, Winthrop

BOSTON & INNER SUBURBS

8 ANALORE CIRCLE, NORFOLK See similar listings

GREATER BOSTON SOUTHWEST SUBURBS

Single Family Homes, Condominiums

Towns included in the Greater Boston Southwest Suburbs region: Canton, Dedham, Norfolk, Norwood, Sharon, Walpole

GREATER BOSTON SOUTHWEST SUBURBS

39 BROAD ACRES FARM RD, MEDWAY

BLACKSTONE VALLEY, MA

Single Family Homes, Condominiums

Towns included in the Blackstone Valley, MA region: Bellingham, Franklin, Hopedale,

Medway, Mendon, Milford, Uxbridge

BLACKSTONE VALLEY, MA

See similar listings

61 TREFRY LN, STOW

ASSABET VALLEY

Single Family Homes, Condominiums

Towns included in the Assabet Valley region: Berlin, Bolton, Hudson, Lancaster, Maynard, Stow

ASSABET VALLEY

Single Family Homes, Condominiums

See similar listings

2 BRIDLE PATH, LYNNFIELD

NORTH SHORE

Single Family Homes, Condominiums

Towns included in the North Shore region: Beverly, Danvers, Essex, Gloucester, Hamilton, Ipswich, Lynn, Lynnfield, Manchester-by-the-Sea, Marblehead, Peabody, Rockport, Salem, Saugus, Swampscott, Wenham

NORTH SHORE

See similar listings

3 CHANDLER CIRCLE, ANDOVER

MERRIMACK VALLEY

Single Family Homes, Condominiums

Towns included in the Merrimack Valley region: Andover, Chelmsford, Dracut, Haverhill, Lawrence, Lowell, Methuen, North Andover, Tewksbury, Westford

MERRIMACK VALLEY

Single Family Homes, Condominiums

GREATER WORCESTER AREA

Single Family Homes, Condominiums

included in the

region:

Towns
Greater Worcester Area
Auburn, Boylston, Charlton, Clinton, Dudley, Fitchburg, Gardner, Grafton, Holden, Leicester, Leominster, Lunenburg, Millbury, Northbridge, Oxford, Paxton, Rutland, Shrewsbury, Southbridge, Spencer, Sterling, Sturbridge, Sutton, Upton, Webster, West Boylston, Westborough, Worcester

GREATER WORCESTER AREA

25 ROCK WAY,

GREENWICH See similar listings

EAST

KENT COUNTY

Single Family Homes, Condominiums

KENT COUNTY

490 SOWAMS RD, BARRINGTON

See similar listings

BRISTOL COUNTY

Single Family Homes, Condominiums

Towns included in the Bristol County region: Barrington, Bristol, Warren

BRISTOL COUNTY

GREATER PROVIDENCE AREA

Single Family Homes, Condominiums

GREATER PROVIDENCE AREA

Single Family Homes, Condominiums

NEWPORT COUNTY

Single Family Homes, Condominiums

Towns included in the Newport County region: Jamestown, Little Compton, Middletown, Newport, Portsmouth, Tiverton

NEWPORT COUNTY

BLACKSTONE VALLEY, RI

Single Family Homes, Condominiums

Towns included in the Blackstone Valley, RI region: Burrillville, Central Falls, Cumberland, East Providence, Glocester, Lincoln, North Smithfield, Pawtucket, Smithfield, Woonsocket

BLACKSTONE VALLEY, RI

Single Family Homes, Condominiums

SOUTH COUNTY

Towns included in the South County region: Charlestown, Exeter, Hopkinton, Narragansett, North Kingstown, Richmond, South Kingstown, Westerly

SOUTH COUNTY

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.