WHERE LOCAL EXPERTISE MEETS A WORLD OF OPPORTUNITY
EXECUTIVE SUMMARY
As we reach the midpoint of 2025, the real estate markets in Massachusetts and Rhode Island continue to show steady strength and signs of returning balance. Elevated mortgage rates, limited inventory, and thoughtful buyers and sellers are shaping a market that favors informed decisions and prepared participants.
Although affordability remains a factor, the current rate stability, averaging around 6.7% in Massachusetts and approximately 6.9% in Rhode Island, is helping buyers re-engage and move forward with greater confidence. Sellers, encouraged by strong sale prices and improved clarity, are also returning to the market. In many areas, we’re seeing an increase in inventory—welcome news for buyers who have been waiting on the sidelines.
Metrowest (MA) saw median home prices increase by 4.5% compared to the first half of 2024, and new listings rose nearly 10%—a strong sign of growing seller confidence. In the Greater Boston northern suburbs, competition remains fierce: closed-to-list price ratios hit 103.2%, with many homes selling above asking price. But the good news for buyers? New listings grew by over 13%, helping to ease inventory pressures in these high-demand communities.
In Rhode Island, we’re also seeing robust activity. Bristol County and the Greater Providence area experienced year-overyear gains in both sales volume and median prices. In Kent County, the median home price increased by more than 8%, demonstrating continued strength amid a tight supply.
Across nearly every community, homes are still moving quickly—typically within 30 to 40 days—and sellers often see their properties sell at or above list price. But today’s buyers are more selective and data-driven. Properties that are thoughtfully priced and professionally presented tend to perform well, while those that miss the mark may sit on the market longer.
This report provides both regional and townlevel insights, enabling you to understand what’s happening and how it impacts your goals. Whether you’re thinking of buying in Central Massachusetts, selling in the Boston suburbs, or moving to Rhode Island, know this: knowledge, strategy, and local expertise matter more than ever.
At Berkshire Hathaway HomeServices Commonwealth Real Estate, we’re committed to helping you navigate today’s market with clarity, confidence, and care. With a deep understanding of your neighborhood and the power of our brand behind us, we’re ready to guide you through every step.
Here’s to a smart, successful second half of 2025.
George Patsio Managing Partner
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
RHODE ISLAND REGIONS
1 PRESERVATION WAY, MEDFIELD See similar listings
GREATER BOSTON WESTERN SUBURBS
Single Family Homes, Condominiums
Towns included in the Greater Boston Western Suburbs region: Dover, Medfield, Needham, Newton, Wellesley, Westwood, Weston
GREATER BOSTON WESTERN SUBURBS
See similar listings
9 STANLEY RD, BELMONT
GREATER BOSTON NORTHERN
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
ACTON
NORTHWEST SUBURBS
Single Family Homes, Condominiums
Lincoln, Littleton
NORTHWEST SUBURBS
Single Family Homes, Condominiums
See similar listings
10 OAK ST, HOPKINTON
METROWEST
Single Family Homes, Condominiums
Towns included in the Metrowest region: Ashland, Framingham, Holliston, Hopkinton, Marlborough, Millis, Natick, Northborough, Sherborn, Southborough, Sudbury, Wayland
METROWEST
Single Family Homes, Condominiums
$1,892,833
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
5 RED TAIL RUN, CANTON See similar listings
GREATER BOSTON SOUTHWEST SUBURBS
Single Family Homes, Condominiums
GREATER BOSTON SOUTHWEST SUBURBS
20 OCTOBER DR, FRANKLIN See similar listings
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
108 OAK TRL, BOLTON
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
1 VIOLET CIR, 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
WINSTON CIR, HAVERHILL
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
in
Towns included
the Greater Worcester Area region: 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
9 LIPPITT AVE, WARWICK
KENT COUNTY
Single Family Homes, Condominiums
KENT COUNTY
96 HARRIS AVE, WARREN
BRISTOL COUNTY
Single Family Homes, Condominiums
BRISTOL COUNTY
9 SCARLETT WAY,
See similar listings
CRANSTON
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
NARRAGANSETT
SOUTH COUNTY
Towns included in the South County region: Charlestown, Exeter, Hopkinton, Narragansett, North Kingstown, Richmond, South Kingstown, Westerly
SOUTH COUNTY
