Middlesex County | MassachusettsHigh-End Market Watch, 2024 Year End

By Stewart Young
Posted Tuesday, Feb 25, 2025

Market Highlights

HIGH-END $2,000,000+ MARKET HIGHLIGHTS

Inventory up 16% (Record 206 vs record 178 last year).
Sales up 27% (Record 751 vs 592 last year).
Top Sale: $10,750,000, 80 Orchard Ave, Weston.
Buyers and sellers continue to increase their activity resulting in record inventories and sales.
As usual special properties, expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive advantage.

Active Listings

At year end, the inventory of high-end listings increased 16% to a record 206 listings compared to a record 178 last year. Over the past 10 years there have been on average 163 listings at this time. The majority (55%) of these listings are in the $2-$3 million range and 77% are in the $2-$4 million range. Fifteen percent are $5,000,000 +, 6% at $7,000,000+, and 3% at $10,000,000+. Inventories dipped in 2020 and 2021, but have been improving since Q2 2022.

High-End Sales

Sales at year end increased by 27% to a record 751 compared to 592 last year. Over the past 10 years there have been on average 423 sales at this time. The majority (71%) of these sales were in the $2-$3 million range and 88% were in the $2-$4 million range. Five percent were $5,000,000+ and 2% were above $7,000,000+.After a dip in sales last year, in 2024 we saw strong demand with record inventories and sales in every quarter.

Top sale 2024 Year End

Property: 80 Orchard Ave

Town: Weston

Selling price: $10,750,000

Historic Ridgehurst Estate 1883 Shingle Style 12,000 sq ft residence on 4.1 acres in a premium neighborhood in a premium town, city skyline views.

Highest & Average Sale 2024 Year End

Days on Market

Days on market for high-end sales at year end decreased to 63 compared to 70 last year, the 10-year record high of 153 in 2015, and the 10-year average of 102. The range of days on market is wide, from 0 to 639 days.

Sales by Town

Thirty of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales. Newton leads with 211 sales compared to 173 sales last year, a 22% jump, and a 10-year average of 129 sales. Lexington followed with 105 sales, up 11%, Weston with 67, down 14%, Winchester with 63, up 80%, Concord with 62, up 27%, and Cambridge with 60, up 36%. Together these six towns made up 76% of the high-end sales in Middlesex County. Twelve towns have had less than 10 high-end sales over the past 10 years. All have had at least one.