Massachusetts Single-Family Home Prices Declined Slightly in June 2026
Some Boston-area cities and towns saw larger dips in median home prices.
Through the First Half of 2026, Condominium Sales Were Flat Statewide; Prices Slipped
The median price of a Massachusetts single-family home slipped by $10,000 in June to $715,000 on a year-over-year basis, according to data compiled by the Massachusetts Association of Realtors.
![Condominium along the Charles River in Cambridge [AI-generated]](https://substackcdn.com/image/fetch/$s_!Iou4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd3d5a745-b613-468f-85e5-62eed0d09d29_2816x1535.jpeg "Condominium along the Charles River in Cambridge [AI-generated]")
Single-family sales rose 7 percent, inventory dropped 9 percent, and the number of months of supply stood at 2.3 in June. About five months of inventory is considered a balanced market between homebuyers and sellers.
It remained a seller’s market, with homebuyers paying, on average, about 101 percent of the original listing price, down from about 102 percent in June 2025.
For January through June, single-family closed sales fell 4 percent, median sales prices rose almost 3 percent to $679,000, and sellers received about 100 percent of their original asking price.
Some Greater Boston communities experienced more significant declines in single-family median prices in June.
Milton, MA: Down almost 8 percent to $1,138,000; up 11 percent through June to $1,125,000.
Waltham, MA: Down 8 percent to $795,000; down almost 5 percent through June to $850,000.
Quincy, MA: Down 6 percent to $700,000; up 4 percent through June to $747,500.
Framingham, MA: Down 6 percent to $730,000; down 3 percent through June, also $730,000.
Revere, MA: Down nearly 5 percent to $668,000; down almost 2 percent through June to $650,000.
Medford, MA: Down 5 percent to $870,000; down 4 percent through June to $871,263.
Saugus, MA: Down 5 percent to $716,000; down $50 through June to $699,950.
Braintree, MA: Down 3 percent to $723,000; up nearly 5 percent through June to $732,500.
In June, condominium sales increased 9 percent statewide to 2,032, median condo prices rose 2 percent to $590,000, and condominium homebuyers paid, on average, 99 percent of the original asking price. The number of condominiums for sale declined 2 percent to 4,804, down 116 sales from June 2025. The months of supply dipped to 3.2 months.
Condominium sales were essentially unchanged through June, slipping by three from 8,255 in 2025 to 8,252 in 2026. The median sales price declined 1 percent to $560,000 from $565,000. Sellers received nearly 99 percent of their original asking price, down from almost 100 percent during the first six months of 2025.
Condo Mortgage Rules Changed. Will Headaches Follow?
Starting in August 2026, Fannie Mae and Freddie Mac have implemented a major regulatory overhaul that eliminates the streamlined “Limited Review” process for most condominium loans. This shift forces nearly all established projects to undergo a “Full Review,” requiring lenders to scrutinize a building’s financial health, insurance coverage, and legal history.
Key changes also include a higher reserve requirement, which will rise from 10 percent to 15 percent of the annual budget by January 2027, potentially triggering increased HOA fees for condo owners in condominium communities with light reserves.
Some loan officers warn that these rigorous standards may lead to more loan denials and closing delays, as many buildings may not meet the new requirements. Consequently, unit owners in non-compliant buildings risk losing access to conventional financing, which could negatively impact both property values and future resale opportunities. Prospective buyers are encouraged to secure documentation regarding reserves and maintenance early in the home loan process to avoid potential deal-killing complications.
Massachusetts Launches Statewide Program to Help Homeowners Build ADUs
Building an Accessory Dwelling Unit (ADU) for family or extra income seems easy in theory.
The reality is much different, even with new rules passed last year to reduce the regulatory burden at the local level.
State officials got the message.
Last month, the Healey-Driscoll Administration rolled out “Phase One” of the ADU Incentive Program, designed to lower housing costs and increase inventory.
The initiative provides homeowners with the tools to explore building an ADU, whether it is a basement apartment, an attached addition, or a detached backyard cottage.
At the center of this initiative is a new directory of professional feasibility study providers managed by the Massachusetts Housing Partnership (MHP). Before committing significant time or money, homeowners can use these studies to assess site conditions, local zoning laws, utility requirements, preliminary design options, and budget constraints. Participating in a feasibility study does not obligate the homeowner to build an ADU or to use the provider for future construction.
To further support this effort, the state is offering several new resources for homeowners:
Free Designs: The ADU Design Challenge provides publicly available, replicable floor plans at no cost.
Early Planning: The Massachusetts Clean Energy Center’s ADU Resource Center allows homeowners to search their property and explore potential ADU placements.
Financing: MassHousing is offering low-cost construction financing for eligible low- and moderate-income homeowners.
Backed by $10 million in state funding over two years, these resources are part of the broader Affordable Homes Act, aiming to streamline the design and permitting process and bring more flexible housing to Massachusetts communities.
According to the Healey-Driscoll Administration, municipalities across Massachusetts have approved 854 accessory dwelling units during the first six months of 2026, and more than 2,000 ADUs since the start of 2025. Of course, not every approved ADU will come to fruition.