$8,786 Closing Credit*
$739,900
833 SqFt
1 Bed
•1 Full Bath
#73314611, Yuren Chen, Listing Office: S&W Consulting Group LLC
Is Boston, 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, Boston was a Seller's Market.
Key Takeaway
Boston 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 Boston, MA
How much do homes in Boston, MA cost?
Median Sold Price
$815,961
$660/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,992(+3.4%)
Key Takeaway
Homes in Boston have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Boston was $815,961 in October 2024, up 3.4% from last year, and the median price per square foot was $660.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $589.1K | $599.9K | +1.8% |
| 2 Bedrooms | $767.3K | $779.1K | +1.5% |
| 3 Bedrooms | $808.3K | $849.6K | +5.1% |
| 4 Bedrooms | $884.2K | $975K | +10.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.3% |
Summary: Boston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Boston | $788.9K | $815.9K | +3.4% |
| Chestnut Hill | $1.2M | $1.3M | +1.3% |
| Brookline | $1.1M | $1.1M | -1.6% |
| Dorchester Center | $696.3K | $681.5K | -2.1% |
Housing Supply in Boston, MA
How many homes are available in Boston, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,925 | 2,112 | +9.7% |
Summary: The Boston real estate market had 2,112 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 338 | 355 | +5.0% |
| 2 Bedrooms | 727 | 787 | +8.3% |
| 3 Bedrooms | 432 | 486 | +12.5% |
| 4 Bedrooms | 158 | 181 | +14.6% |
| 5+ Bedrooms | 270 | 303 | +12.2% |
Summary: The Boston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 325 | 322 | -0.9% |
Asking Price vs. Sold Price
167 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 322 homes were sold or pending in Boston in October 2024, down by 0.9% month-over-month. Of the 322 sold homes, 52% were sold under asking, 15% were sold at asking, and 33% were sold over asking.
Days on Market for Boston, MA
How long does it take to sell a home in Boston, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 40 Days | +6.9% |
Summary: Homes in Boston had an average of 40 days on market in Oct 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
210 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 322 homes were sold in Boston; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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