$10,000 Closing Credit*
$1,999,000
1,590 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73320593, Tracy Campion, Listing Office: Campion & Company Fine Homes Real Estate
Is Back Bay, 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, Back Bay was a Seller's Market.
Key Takeaway
Back Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Back Bay, MA
How much do homes in Back Bay, MA cost?
Median Sold Price
$1,444,000
$1,312/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$56,000(-3.7%)
Key Takeaway
Homes in Back Bay have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Back Bay was $1,444,000 in November 2024, down 3.7% from last year, and the median price per square foot was $1,312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $819.5K | +5.7% |
| 2 Bedrooms | $1.6M | $1.5M | -5.0% |
| 3 Bedrooms | $3.6M | $3.5M | -2.4% |
| 4 Bedrooms | $8.8M | $6.7M | -23.5% |
| 5+ Bedrooms | $4.7M | $5.7M | +20.4% |
Summary: Back Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Ellis | $1.2M | $1.2M | -1.5% |
| Back Bay | $1.5M | $1.4M | -3.7% |
| Commonwealth Ave. | $1.3M | $1.2M | -7.7% |
Housing Supply in Back Bay, MA
How many homes are available in Back Bay, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 150 | 148 | -1.3% |
Summary: The Back Bay real estate market had 148 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 32 | -5.9% |
| 2 Bedrooms | 51 | 52 | +2.0% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Back Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Back Bay, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Back Bay in November 2024, up by 25.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Back Bay, MA
How long does it take to sell a home in Back Bay, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 44 Days | -28.8% |
Summary: Homes in Back Bay had an average of 44 days on market in Nov 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Back Bay are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Back Bay; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
