Newly released data from Realtor.com for August shows prospective buyers and sellers in Middlesex County saw home sales prices lower than the previous month's median of $810,000.
The average home sold for $800,000, data analysis from Realtor.com shows. That means August, the most recent month for which figures are available, fell 1.2% compared to July.
Compared to August 2024, the median home sales price increased 5.3% from $760,000.
Realtor.com sources sales data from real estate deeds, which results in a data lag of several months. Statistics do not include homes currently listed for sale and are not directly comparable to listing data.
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Here is a breakdown of average selling prices:
- Looking only at single-family homes, the average sales price in Middlesex County fell 2.8% to $869,500 in August from $894,250 the previous month. Since August 2024, the sales price of single-family homes has increased 6% from an average value of $820,000. Three hundred and sixty-seven single-family homes sold for $1 million or more during the month, compared to 324 recorded transactions of at least $1 million in August 2024.
- Sales prices for condos and townhouses fell slightly in August to an average of $632,500 from $635,000 in July. Compared to August 2024, the sales price of condos and townhouses decreased by 3.4% from $655,000. During the month, 74 condos or townhouses sold for $1 million or more, compared to 90 recorded transactions of at least $1 million in August 2024.
About recorded home sales in Middlesex County, Massachusetts
In August, the number of recorded sales in Middlesex County increased slightly to 1,396 from 1,392 in August 2024. All residential sales totaled $1.5 billion.
Across Massachusetts, homes sold for an average of $631,279 in August, down 1.6% from $641,796 in July. In August, 6,658 sales were recorded nationwide, a slight increase from 6,599 sales recorded in August 2024.
Here's a breakdown for the full condition:
- The total value of recorded residential sales in Massachusetts fell 3.8% from $6.1 billion in July to $5.8 billion in August.
- Of all residential real estate sales in Massachusetts, 20.29% of homes sold for at least $1 million in August, up from 19.31% in August 2024.
- Single-family home sales prices across Massachusetts fell slightly from an average of $665,000 in July to $660,000 in August. Since August 2024, the sales price of single-family homes statewide has increased 4% to $634,907.
- Statewide, the sales price of condos and townhomes fell 4.9%, from an average of $572,975 in July to $544,875 in August. The average sales price of condos and townhomes is slightly above the average price of $550,000 in August 2024.
The median home sales price used in this report represents the average of all homes or units listed during the specified time period. The median provides a more accurate view of market activity than the average sales price. This would mean taking the sum of all sales prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high sale.
USA TODAY Co. is publishing localized versions of this story, generated using data from Realtor.com, on its news sites nationwide. Please leave feedback or corrections to this story here. This story was written by Ozge Terzioglu. Our news automation and AI team would like to hear from you. Take this survey and share your thoughts with us.