$3,975,000
4,215 SqFt
9 Beds
•8 Full Baths
#73314804, Steven Cohen Team, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
Is 02116, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02116 was a Seller's Market.
Key Takeaway
02116 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 02116, MA
How much do homes in 02116, MA cost?
Median Sold Price
$1,516,250
$1,273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,750(+2.6%)
Key Takeaway
Homes in 02116 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 02116 was $1,516,250 in October 2024, up 2.6% from last year, and the median price per square foot was $1,273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $792.5K | $800K | +0.9% |
| 2 Bedrooms | $1.5M | $1.6M | +8.3% |
| 3 Bedrooms | $2.9M | $2.8M | -1.7% |
| 4 Bedrooms | $5.0M | $4.0M | -18.7% |
| 5+ Bedrooms | $4.0M | $4.6M | +16.3% |
Summary: 02116 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in 02116, MA
How many homes are available in 02116, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 162 | 174 | +7.4% |
Summary: The 02116 real estate market had 174 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 50 | +4.2% |
| 2 Bedrooms | 54 | 58 | +7.4% |
| 3 Bedrooms | 38 | 43 | +13.2% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 02116 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02116, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 02116 in October 2024, up by 33.3% month-over-month. Of the 28 sold homes, 61% were sold under asking, 4% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 78 Days | +66.3% |
Summary: Homes in 02116 had an average of 78 days on market in Oct 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02116 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 02116; 54% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
