MLS Housing Market Snapshot: March 2025

MLS Housing Market Snapshot: March 2025
Key insights from the latest MLS data showing market trends, inventory levels, and price movements for both single-family and multi-family properties.
BA
by Blair Allen
 
Market Activity Overview
3100
Homes Sold
Down 3.6% year-over-year
36
Days on Market
Down from 52 days in February
$232
Price Per Sq Ft
Median across all properties
Property Sales Breakdown
Single Family
2193 homes sold
70.7% of total sales
Multi-Family
907 properties sold
29.3% of total sales
Days on Market Improvement
1
January 2025
60+ days typical
2
February 2025
52 days median
3
March 2025
36 days median
30.8% monthly decrease
Single-Family Home Prices
March 2024
$550,000 median
Year-Over-Year
0.9% increase
March 2025
$555,000 median
Multi-Family Property Prices
March 2024 Baseline
$400,000 median price
5% Year-Over-Year Growth
Outpacing single-family homes
March 2025 Current Price
$420,000 median price
Inventory Growth
March 2024
4,491 listings entered
Baseline inventory
March 2025
5,430 listings entered
20.9% year-over-year increase
Market Summary & Outlook
Faster Sales
16-day reduction in time to sell
Inventory Growth
21% more listings year-over-year
Price Stability
Single-family: modest 0.9% growth
Multi-Family Strength
Solid 5% price growth