WAKEFIELD — The median price of single-family houses sold in Wakefield through the first nine months of 2024 is running about $78,000 more than during the same period last year, according to a report.

The Warren Group, a leading provider of real estate and transaction data, finds that the 128 single-family homes sold through the end of last month fetched a median price of $827,500. For the same period in 2023, the 127 single-families sold in town went for a median price of $750,000.

While only eight single-family houses sold in Wakefield last month, they brought a median price of $730,000, compared to the $700,000 median price brought by the 13 single-families sold here in September 2023.

Statewide, according to The Warren Group, single-family home and condo sales both declined in September on a year-over-year basis as median prices continued to reach new highs.

Last month, there were 3,482 single-family home sales in Massachusetts, a 3.7 percent decrease from September 2023. Meanwhile, the median single-family sale price increased 6.2 percent on a year-over-year basis to $600,000, up from $565,000 in September 2023 – a new high for the month of September.

“The Massachusetts single-family housing market in September saw a slight cooling in sales, with 3,482 homes sold – a 3.7 percent decline from the same time last year,” said Cassidy Norton, associate publisher and Media Relations director of The Warren Group. “Elevated interest rates and limited inventory are likely key factors slowing the pace of transactions, despite continued demand. At the same time, prices remain robust, with the median home price reaching $600,000, a 6.2 percent increase year-over-year and a record for September. However, the rapid rise in prices appears to be flattening compared to previous years, signaling a potential shift in market dynamics.” 

Year-to-date, there have been 30,858 single-family home sales in Massachusetts, a 0.5 percent increase from the first nine months of 2023. Meanwhile, the year-to-date median single-family home price increased 8.3 percent on the same basis to $617,500. 

Condominiums 

There were 1,490 condominium sales in September 2024, compared to 1,668 in September 2023 – a 10.7 percent decrease. Meanwhile, the median sale price rose 3.0 percent on a year-over-year basis to $515,000 – a new all-time high for the month of September.

“The Massachusetts condo market saw a significant slowdown in September, with just 1,490 transactions— a 10.7 percent decrease compared to last year,” Norton added. “This marks the fewest number of condo sales for the month since September 2011. With median prices at record highs and interest rates remaining elevated, these factors are likely contributing to the drop in activity.” 

Year-to-date, there have been 14,194 condo sales, a 4.1 percent decrease from the first nine months of 2023 with a median sale price of $540,000, a 4.3 percent increase on the same basis.

In Wakefield, four condos sold last month for a median price of $744,500. In September 2023, three condos sold for a median price of $825,500.

Through the end of September, 48 condos had been sold in Wakefield so far in 2024 for a median price of $560,250. For the same period last year, 58 condos were sold for a median price of $550,250.

Greater Boston single-family homes 

There were 1,665 single-family home sales in the Greater Boston housing market in September 2024, which marked a 2.0 percent increase from September 2023 when there were 1,633 transactions. Meanwhile, the median single-family sale price increased 3.5 percent on a year-over year basis to $730,000. 

Greater Boston condominiums 

In September, there were 1,031 condo sales in the Greater Boston housing market, down from 1,174 sales in September 2023, marking a 12.2 percent decrease on a year-over-year basis. Meanwhile, the median condo price increased 3.5 percent on the same basis to $600,000.