$9,251 Closing Credit*
$779,000
840 SqFt
1 Bed
•1 Full Bath
#73316939, Joe DeAngelo, Listing Office: Coldwell Banker Realty - Boston
Is 02118, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 02118 was a Seller's Market.
Key Takeaway
02118 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 02118, MA
How much do homes in 02118, MA cost?
Median Sold Price
$1,383,333
$1,144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$148,333(+12.0%)
Key Takeaway
Homes in 02118 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 02118 was $1,383,333 in November 2024, up 12% from last year, and the median price per square foot was $1,144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $785K | $770K | -1.9% |
| 2 Bedrooms | $1.2M | $1.2M | +4.4% |
| 3 Bedrooms | $2.1M | $2.3M | +6.2% |
| 4 Bedrooms | $2.9M | $3.1M | +5.6% |
| 5+ Bedrooms | $3.8M | $2.9M | -23.8% |
Summary: 02118 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 23.8%.
Housing Supply in 02118, MA
How many homes are available in 02118, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 126 | -8.7% |
Summary: The 02118 real estate market had 126 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 26 | -7.1% |
| 2 Bedrooms | 55 | 47 | -14.5% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The 02118 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02118, 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 02118 in November 2024, down by 5.0% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for 02118, MA
How long does it take to sell a home in 02118, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 56 Days | +41.8% |
Summary: Homes in 02118 had an average of 56 days on market in Nov 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02118 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 02118; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
