Nine Massachusetts communities reached $2 million median home prices as 54 surpassed $1 million statewide

A widening gap at the top of Massachusetts housing prices

Nine Massachusetts communities recorded median home prices above $2 million, while 54 communities posted median prices over $1 million, underscoring how quickly the upper end of the market has expanded in recent years. The figures reflect completed sales and represent the midpoint price in each community, meaning half of transactions closed above that level and half below.

Statewide pricing trends point to persistent affordability pressure even as sales activity has fluctuated. In May 2025, the statewide median single-family home price was $666,125, up 4.7% from May 2024, while condominium prices held at a $550,000 median. By June 2025, the statewide median single-family price climbed to $687,500, up 3.1% year over year, and the median condo price was $568,250, essentially flat compared with June 2024.

What the $2 million-and-up medians signal

Median prices above $2 million typically occur in markets with a combination of limited supply, sustained high-income demand, and a large share of transactions in the luxury tier. In Massachusetts, this pricing level is most commonly associated with highly constrained coastal or island markets and a small set of communities close to major job centers where high-priced inventory is a larger portion of overall sales.

Interpreting these medians requires care: in smaller towns or areas with fewer monthly transactions, a limited number of sales can shift the median sharply. Even so, reaching and sustaining a median above $2 million indicates a market where high-end transactions are no longer occasional outliers but frequent enough to define the typical sale.

Beyond the headline: broader market conditions

The broader statewide market shows the same tension that has characterized Massachusetts housing since the pandemic-era run-up: prices remain elevated while the pace of transactions can move in either direction month to month. In June 2025, single-family home sales increased year over year statewide, alongside higher prices, suggesting demand continued to meet limited inventory at higher clearing prices.

In Greater Boston, the median single-family price in June 2025 was $850,000, up 2.1% from June 2024, while the median condo price in Greater Boston was $640,000, down 3% year over year. The divergence between single-family and condo pricing highlights differences in supply, unit mix, and buyer budgets across property types.

Key takeaways for readers

• Nine communities above $2 million and 54 above $1 million reflect how deeply seven-figure medians have penetrated the Massachusetts market.

• Statewide single-family prices rose from May to June 2025, while condo medians remained comparatively stable.

• Community-level medians can be volatile where sales counts are low, but $2 million medians generally indicate a sustained concentration of luxury transactions.

Median price data captures the midpoint of closed sales, not the cost of an individual home, and it can shift based on the number and mix of transactions in a given month.