Is the Greater Boston Condo Market Cooling Down or Taking a Break?
Where did condominium prices decrease by double digits during the first nine months of 2025?
The median condominium price in Greater Boston fell in September 2025—the fourth straight month of year-over-year declines—slipping a little more than 3 percent to $580,000 from $600,000 in September 2024, according to data compiled by The Warren Group.
The Warren Group, a publisher of real estate and mortgage data, defines Greater Boston as the 139 cities and towns located within Interstate 495.
On a year-over-year basis, the median condominium price declined 3 percent in June, nearly 4 percent in July, and about 3 percent in August. Prices were flat in May.
From January through September, the median condo price decreased 1 percent to $620,000 from $625,000 during the first nine months of 2024.
Statewide, the median condominium price dipped 2 percent to $503,450 in September 2025, compared with $515,000 in September 2024.
During the first nine months of the year, Massachusetts condo prices were essentially flat, edging down only $230 to $540,000 from $540,230 during the same period in 2024.
City of Boston Condo Market Softens
The Warren Group also reported that the median condo price in the City of Boston through September declined 4 percent to $919,000 from $960,000 during the same nine months last year.
About 30 percent of condominiums listed in Boston between January 1, 2025, and September 30, 2025, had price drops, according to MLS Property Information Network, Inc., the local multiple listing service. During the same period in 2024, about 26 percent of properties had price drops, compared with about 23 percent during those nine months in 2023.
Condominium Sales Remain Strong
With prices moderating over the summer, Greater Boston home buyers drove a more than 8 percent increase in condominium sales, buying 1,105 units in September 2025, up from 1,019 in September 2024.
Through September, condo sales rose about 3 percent to 10,708 from 10,366 during the same timeframe in 2024.
Condominium sales rose statewide in September to 1,610 units, jumping 9 percent from 1,478 in September 2024. Through September, sales increased 4 percent compared to the previous year.
Where Did Condo Prices Decline By Double Digits?
The following is a sample selection of five towns where the median price of a condominium decreased by double digits during the first nine months of 2025, according to The Warren Group. Across Massachusetts, about 120 cities and towns saw a decline in the median price of a condominium through September.
1. Burlington, MA: Located in Middlesex County, the median condo price declined to $782,000, a 21 percent drop from $945,000.
2. Chelsea, MA: Located in Suffolk County, condominium prices fell 10 percent to $439,000 from $490,000.
3. Gloucester, MA: Located in Essex County, the median condo prices decreased 15 percent, falling from $599,000 to $509,500.
4. Hudson, MA: Located in Middlesex County, condominium prices plunged 24 percent to $403,500 from $530,000.
5. Randolph, MA: Located in Norfolk County, the median condo price dropped 18 percent to $351,000 from $427,500.