Falling interest rates didn’t appear to have much of an impact on the Central Massachusetts housing market in November, as the region saw fewer single-family homes and a continuation of prices creeping upward. Worcester County saw 432 sales in November, down 17.6% from the 524 sales seen in November 2024. Middlesex County saw a 3.6% […]
Falling interest rates didn’t appear to have much of an impact on the Central Massachusetts housing market in November, as the region saw fewer single-family homes and a continuation of prices creeping upward.
Worcester County saw 432 sales in November, down 17.6% from the 524 sales seen in November 2024. Middlesex County saw a 3.6% uptick in sales, with 669 sales compared to 646, according to data released by Peabody-based The Warren Group on Tuesday.
The successive cuts to the federal interest rate, which brought it from 4.5% in August to the current rate 3.75%, have so far not disrupted historical trends in the statewide housing market, Cassidy Norton, associate publisher and media relations director of The Warren Group, said in a Tuesday press release accompanying the data.
“The median price of a single-family home in Massachusetts rose 5% year-over-year in November, reaching a new all-time high of $630,000,” Cassidy said.“While that marks a record for the month, prices were effectively flat compared to October and only $5,000 higher than in September. There has been ongoing speculation that higher interest rates would begin to put downward pressure on home prices after nearly five years of record-setting growth across the Bay State. However, a closer look at historical trends shows that flat pricing in the fall is typical, as market activity tends to level off before the seasonal slowdown in the winter months.”
The median sales price for homes sold in Worcester County in November was $479,400, a 3.2% increase over last November’s price of $464,750. The median price in Middlesex County grew 5.5%, going from $772,617 to $815,000.
The city of Worcester saw 60 sales in November, down from 75, with the median price creeping upward, climbing 2.4% to $430,000.
This trend played out in the twin cities of Fitchburg and Leominster, which both saw fewer sales and higher prices. Fitchburg had 18 sales compared to 28, with the median price climbing 1.5% to $412,500, while Leominster saw 21 sales compared to 28, with median price increasing 14% to $520,000.
While Middlesex County saw a slight uptick in sales in November, this wasn’t the case in key MetroWest communities like Framingham and Natick, which both saw fewer sales. Framingham witnessed 30 sales compared to 33, with the median price dropping 11.6% to $587,850. The median price in Natick grew 4.2% to $922,500, with the town seeing 16 sales compared to 21.
Massachusetts saw 39,495 single-family home sales in the first 11 months of 2025, a 2.7% increase from 2024.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
