$10,000 Closing Credit*
$1,095,000
855 SqFt
2 Beds
•1 Full Bath
#73322322, Richard Egan, Listing Office: Coldwell Banker Realty - Boston
Is 02116, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 02116 has remained a Seller's Market.
Key Takeaway
02116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02116, MA
How much do homes in 02116, MA cost?
Median Sold Price
$1,459,666
$1,274/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$27,833(-1.9%)
Key Takeaway
Homes in 02116 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 02116 was $1,459,666 in December 2024, down 1.9% from last year, and the median price per square foot was $1,274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $800K | $778K | -2.8% |
| 2 Bedrooms | $1.6M | $1.6M | -1.5% |
| 3 Bedrooms | $3.2M | $2.9M | -8.7% |
| 4 Bedrooms | $6.7M | $3.8M | -43.3% |
| 5+ Bedrooms | $3.2M | $4.8M | +50.0% |
Summary: 02116 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes increased by 50%.
Housing Supply in 02116, MA
How many homes are available in 02116, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 129 | 99 | -23.3% |
Summary: The 02116 real estate market had 99 homes for sale in December 2024, a 23.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 27 | -20.6% |
| 2 Bedrooms | 43 | 34 | -20.9% |
| 3 Bedrooms | 35 | 22 | -37.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 02116 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20.6%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 37.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02116, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 02116 in December 2024, down by 29.6% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for 02116, MA
How long does it take to sell a home in 02116, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 65 Days | +45.0% |
Summary: Homes in 02116 had an average of 65 days on market in Dec 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02116 has remained consistent over time.
Summary: During December 2024, 19 homes were sold in 02116; 26% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
