On the Mainland, Berkshire County Saw the Greatest Growth in January Sales
Nearly 10% more single-family homes in Massachusetts were sold last month than a year prior, but the expanded inventory came with a median sale price that jump up by more than 6% to hit a new all-time high for January.
The Warren Group reported Tuesday that the 2,626 single-family homes sold here in January represented a 9.3% increase over January 2024’s 2,403 single-family home transactions. The median single-family home price increased 6.4% year-over-year to hit $585,000, a new record high for the month.
Among the mainland Massachusetts counties, Berkshire County saw the greatest growth in January sales. The 97 homes sold there last month marked a 29.3% increase over the 75 sales in January 2024. Barnstable County was a close second, with 212 January sales representing a 26.9% increase over January 2024, according to The Warren Group.
Essex County was the only county (excluding Nantucket and Dukes counties) to see a decline in homes sales last month. The Warren Group said there were 264 single-family homes sold in Essex County in January, one fewer than in January 2024.
The dynamic of chronically-limited inventory and always-escalating prices has played a major role in driving up cost of living in Massachusetts. State policymakers are counting on a new housing production law to begin to chip away at what is projected to be a 220,000-plus housing unit shortage by 2030.
