Banner Year for Massachusetts Luxury Housing Market

Massachusetts’ luxury housing market is wrapping up a big year, and more could be in store come 2026.

At least three dozen homes in the state sold for at least $10 million this year, the Boston Business Journal reported. The banner year for the Bay State included four separate sales exceeding a $30 million price point.

The top sale of 2025 so far unfolded in Nantucket, where 3 Sherburne Lane traded hands for $37.8 million in October. The same Nantucket neighborhood also saw a $31 million sale days earlier, making the Cliff neighborhood one of the hottest, not just in the region, but in the country.

The two other top sales of the year took place in another major luxury market for the state, Martha’s Vineyard. There was a $37 million sale in Chilmark in June and a $37.5 million sale in Edgartown in November, both setting records for the island at the time of each deal.

As for Boston, the highest property sale to appear in records was a $21 million deal for a townhouse at 59 Commonwealth Avenue in the upscale Back Bay neighborhood.

While areas of Connecticut and New Hampshire emerged as luxury enclaves this year, Massachusetts remained a dominant player. When Property Shark published its 100 most expensive zip codes in the nation in October, five of them were in the Bay State: zip codes containing Boston, Nantucket, Chilmark, Weston and Wellesley Hills all cracked the list.

Elsewhere in Massachusetts, Boston hit a new pricey high in June when the median home price for a single-family home hit $1 million, according to the Boston Business Journal. Months later, one in every seven municipalities in the state had reached the same threshold.

Next year could bring more activity. Boston was recently christened as one of the hottest large metro markets in the nation heading into 2026 by HousingWire, which cited strong job growth and severe inventory shortages among the factors pacing the market.

— Holden Walter-Warner