The Massachusetts single-family home market has experienced remarkable growth from 2021 to 2025. With average appreciation of 30.8% across Boston North communities and some markets gaining over 50%, understanding these trends is essential for buyers, sellers, and investors.
Key Market Highlights
- 30.8% average price growth across all analyzed towns (2021-2024)
- Andover leads with 51.8% appreciation – the top performer in the region
- $9.7 million – highest active listing (24 Phillips Street, Andover)
- $4.65 million – highest 2025 sale (19 Rangeley Rd, Winchester)
- 5 towns now exceed $1 million average home prices
2025 Luxury Market Update
The ultra-luxury segment continues to thrive with record-breaking listings and sales across the Boston North region.
Highest Priced Active Listings
| Address | Price |
|---|---|
| 24 Phillips Street, Andover | $9,700,000 |
| 23 Thoreau Rd, Lexington | $6,150,000 |
| 23 Burroughs Road, Lexington | $5,395,000 |
Top Sales Completed in 2025
| Address | Sale Price |
|---|---|
| 19 Rangeley Rd, Winchester | $4,650,000 |
| 21 Hathaway Rd, Lexington | $4,250,000 |
| 11 Castle Road, Lexington | $4,240,550 |
Price Growth by Town (2021-2024)
Here’s how each Boston North community performed over the past four years:
| Rank | Town | 2021 Avg | 2024 Avg | Growth |
|---|---|---|---|---|
| 1 | Andover | $731,253 | $1,109,858 | 51.8% |
| 2 | Burlington | $691,571 | $1,013,586 | 46.6% |
| 3 | North Reading | $718,444 | $1,037,651 | 44.4% |
| 4 | Reading | $663,633 | $948,379 | 42.9% |
| 5 | Woburn | $617,024 | $830,703 | 34.6% |
| 6 | North Andover | $742,714 | $959,984 | 29.3% |
| 7 | Lexington | $1,487,632 | $1,912,715 | 28.6% |
| 8 | Winchester | $1,500,997 | $1,812,960 | 20.8% |
| 9 | Melrose | $807,292 | $958,511 | 18.7% |
| 10 | Lynn | $497,897 | $589,869 | 18.5% |
| 11 | Stoneham | $715,623 | $840,625 | 17.5% |
| 12 | Wakefield | $735,750 | $858,917 | 16.7% |
| 13 | Wilmington | $700,500 | $794,735 | 13.5% |
Town-by-Town Analysis
Andover – #1 Top Performer (51.8% Growth)
Andover has emerged as the undisputed leader in Massachusetts’ single-family home market. The town’s exceptional growth is driven by excellent schools, proximity to major employment centers, and limited housing inventory. Andover currently hosts the highest-priced active listing at $9.7 million.
- 2025 YTD Average: $1,194,164
- Active Listings: 68 homes
Burlington – #2 Strong Growth (46.6% Growth)
Burlington’s strategic location along Route 128 and its mix of residential charm with commercial convenience has driven remarkable appreciation. The town attracts families seeking suburban living with urban accessibility.
- 2025 YTD Average: $1,113,040
- Market Momentum: Very Strong
North Reading – #3 Rising Star (44.4% Growth)
North Reading has transformed from a hidden gem to a sought-after destination. Its small-town character, excellent schools, and relative affordability compared to neighboring towns have created intense buyer demand.
- 2025 YTD Average: $1,021,567
- Buyer Interest: Extremely High
Lexington & Winchester – Premium Markets
Despite being the highest-priced markets, both towns continue to see strong appreciation. Lexington dominates the luxury market with multiple listings over $5 million, while Winchester recorded the highest 2025 sale at $4.65 million.
- Lexington 2025 YTD Average: $2,141,476
- Winchester 2025 YTD Average: $2,243,000
Market Segments
Luxury Markets ($1M+ Average)
Lexington ($1.91M), Winchester ($1.81M), Andover ($1.11M), North Reading ($1.04M), Burlington ($1.01M)
Mid-Market ($700K-$1M Average)
North Andover ($960K), Melrose ($959K), Reading ($948K), Wakefield ($859K), Stoneham ($841K), Woburn ($831K), Wilmington ($795K)
Affordable Markets (Under $700K)
Lynn ($590K) – The most affordable market with solid 18.5% appreciation and high transaction volume.
Key Trends Driving the Market
1. The Suburban Surge
Towns like Andover, Burlington, and North Reading have seen explosive growth exceeding 40%, driven by families seeking more space, better schools, and improved quality of life. Remote work flexibility has accelerated this trend.
2. The Million-Dollar Threshold
Five towns now have average home prices exceeding $1 million. Previously mid-tier markets like Burlington and North Reading have joined traditional luxury markets like Lexington and Winchester.
3. Inventory Constraints
A persistent inventory shortage continues across all markets. Despite strong price appreciation, transaction volumes remain constrained, suggesting continued upward pressure on prices.
4. The Education Premium
Towns with top-rated schools consistently outperform the market average. Buyers pay substantial premiums for access to quality education.
Market Outlook
Short-Term (2025-2026)
We project continued appreciation at a more moderate pace of 5-10% annually. Hot markets like Andover and Burlington may see higher gains if inventory remains constrained.
Long-Term (2027-2030)
Sustained growth is expected due to:
- Continued migration from urban to suburban areas
- Limited developable land in desirable communities
- Strong local economy and job market
- Premium placed on quality school districts
Investment Opportunities
- Emerging Markets: Wilmington and Stoneham offer relative affordability with growth potential
- Established Winners: Andover and Burlington combine strong growth with market stability
- Value Plays: Lynn presents opportunities for first-time buyers and investors
- Premium Stability: Lexington and Winchester offer wealth preservation
Ready to Make Your Move?
Whether you’re a first-time homebuyer, looking to upgrade, considering downsizing, or exploring investment opportunities, understanding these market dynamics is crucial for making informed decisions.
Contact Steve Novak today for a free market consultation and personalized guidance on navigating the Massachusetts real estate market.