Massachusetts started 2024 with a total of 3,081 single-family homes on the market, with a median home price of $734,900 and an average price per square foot of $484.42. By the end of the year, inventory had increased to 3,829 homes on the market (+24%), with a median home price of $720,000 (-2%), and an average price per square foot of $467 (-4%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had increased to 70 days.
Massachusetts started the year with 29.31% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.58% of homes for sale had taken a price cut.
