WAKEFIELD — The first eight months of 2024 saw the median sales price of a single-family home rise in town by almost 11 percent over the same period last year.

According to the latest report from The Warren Group, a leading provider of real estate and transaction data, 120 single-families changed hands in Wakefield through the end of August. The median price of those single-family home sales was $830,000.

Through August 2023, 114 single-family homes sold for a median price of $750,000.

Last month in Wakefield, 17 single-family homes were sold for a median price of $800,000. In August 2023, 22 single-families fetched a median sales price of $787,450.

Across the state, single-family home and condo sales both increased in August on a year-over-year basis as median prices continued to reach new highs, according to The Warren Group report.

Single-family homes

Last month, there were 4,499 single-family home sales in Massachusetts, a 2.2 percent increase from August 2023. Meanwhile, the median single-family sale price increased 5 percent on a year over-year basis to $630,000, up from $600,000 in August 2023 – a new high for the month of August.

“Massachusetts single-family home sales in August were marked by continued price growth, with the median price hitting $630,000 — a 5 percent increase compared to last year and a new record for August,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. It’s also the fifth month in a row that the median price has stayed above $600,000, showing just how resilient the market has been.”

Year-to-date, there have been 27,376 single-family home sales in Massachusetts, a 1.1 percent increase from the first eight months of 2023. Meanwhile, the year-to-date median single-family home price increased 8.8 percent on the same basis to $620,000.

Condominiums

There were 1,804 condominium sales in August 2024, compared to 1,871 in August 2023 – a 3.6 percent increase. Meanwhile, the median sale price rose 3.4 percent on a year-over-year basis to $542,635 – a new all-time high for the month of August.

“August was another strong month for the Massachusetts condo sector,” Norton added. “Despite the challenges we’ve seen with inventory, the demand for homes continues to push prices upward. In fact, the median price for condos also reached an all-time high for August, climbing to $542,635. This is a clear indicator of how resilient the market is, especially in the condo space, where buyers are still eager to find opportunities even in a competitive environment.”

Year-to-date, there have been 12,704 condo sales, a 3.3 percent decrease from the first eight months of 2023 with a median sale price of $545,000, a 4.8 percent increase on the same basis.

In Wakefield, eight condos sold last month for a median price of $624,950. Forty-four condos were sold for a median price $550,000 through August 2024.

In August of last year, 10 condos sold in Wakefield for a median price of $482,500. Through the first eight months of 2023, 55 condos were sold for a median price of $540,000

 Greater Boston single-family home and condo markets 

Included in this release is an overview of activity in the Greater Boston housing market. This analysis encompasses the 139 towns located within 495. 

Greater Boston single-family homes 

There were 2,199 single-family home sales in the Greater Boston housing market in August 2024, which marked a 1.2 percent increase from August 2023 when there were 2,172 transactions. Meanwhile, the median single-family sale price increased 4.6 percent on a year-over-year basis to $795,000. 

Greater Boston condominiums 

In August, there were 1,331 condo sales in the Greater Boston housing market, up from 1,346 sales in August 2023, marking a 1.1 percent decrease on a year-over-year basis. Meanwhile, the median condo price increased 1.7 percent on the same basis to $620,000.