Q2 2025 Real Estate Market Report: Top Trends in Suffolk, Essex, Middlesex, and Norfolk Counties
Q2 2025 Real Estate Market Report: County-by-County Breakdown for Suffolk, Essex, Middlesex, and Norfolk Counties
Overview
The second quarter of 2025 continued to test both buyers and sellers across Eastern Massachusetts, with interest rates holding firm around 7% and local inventory patterns keeping certain markets ultra-competitive. Using transaction-level MLS data, we examined how single-family and condo markets performed across Suffolk, Essex, Middlesex, and Norfolk counties — breaking down sales prices, market speed, and where sellers or buyers had the upper hand.
Suffolk County: Urban Stability with Mixed Signals
Single Family: Suffolk’s single-family segment showed healthy price growth, averaging $841K, up from $804K last year. Homes moved fast (16 days on average), and the sale-to-list ratio of 104% shows sellers had leverage. Roslindale and West Roxbury had standout performances. Hyde Park and Revere saw softer activity, offering buyers some breathing room.
Condominium: Condos averaged $1.07M, up slightly YoY but down from Q1 highs. Days on market rose to 37, suggesting some cooling. Yet Jamaica Plain and West Roxbury condos remained brisk sellers. The Seaport and Beacon Hill, however, saw long lead times and list-to-sale dips — a sign of overpricing or buyer hesitation.
Q3 Outlook: Expect continued bifurcation: outer neighborhoods stay competitive, while luxury condo submarkets may plateau.
Essex County: Solid Growth, Especially in Single Families
Single Family: Single-family homes rose to $958K, up from $906K in Q2 2024. Properties moved in 17 days, with strong list-to-sale ratios. North Andover and Amesbury led with high demand and fast closings. Gloucester and Hamilton posted longer selling times.
Condominium: Condos saw modest gains to $529K, with a healthy 101% list-to-sale ratio and 18-day average time to offer. Peabody and North Andover led sellers’ markets, while Beverly and Andover were more buyer-friendly.
Q3 Outlook: Expect modest price appreciation, especially in suburban single-family markets.
Middlesex County: Top Performer Across the Board
Single Family: One of the strongest counties this quarter, Middlesex reached an average price of $1.16M (up from $1.1M last year). Homes sold in 17 days on average, at over 104% of asking price. Ashland and Dracut were among the fastest-selling towns. Weston and Somerville saw slower activity.
Condominium: Condos averaged $691K — steady growth from last year and Q1. With a $479/sqft price and fast market times, demand remains solid. Ashland and Tewksbury were top markets, while Reading and Newton lagged behind.
Q3 Outlook: With last year’s Q3 numbers nearly on par, expect stability and continued strength in family-oriented towns.
Norfolk County: Strong in Single Families, Mixed in Condos
Single Family: Single-family homes averaged $1.16M, up from both last quarter and last year. Homes moved in 18 days and sold above list. Franklin and Millis gave sellers an edge; Norfolk and Dover saw longer timelines.
Condominium: Condo values dipped slightly to $593K, down YoY. Still, homes sold quickly (16 days). Franklin and Braintree favored sellers, while Quincy and Stoughton leaned toward buyers.
Q3 Outlook: Last year’s Q3 was consistent with Q2, so we expect minimal changes unless interest rates move or inventory shifts sharply.
Conclusion
The Q2 2025 market revealed distinct patterns: Sellers had the advantage in affordable, fast-moving suburbs, while luxury and high-priced condo markets showed signs of resistance. Across all counties, the market remained generally resilient despite rate pressure. As we move into Q3, stability is likely — though local dynamics could swing quickly in either direction.
Here’s a town by town breakdown:
