$9,499 Closing Credit*
$799,900
742 SqFt
1 Bed
•1 Full Bath
#73321103, The REO Team, Listing Office: JDS Realty Group
Is Boston, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Boston has remained a Seller's Market.
Key Takeaway
Boston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boston, MA
How much do homes in Boston, MA cost?
Median Sold Price
$819,029
$664/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,242(+3.7%)
Key Takeaway
Homes in Boston have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Boston was $819,029 in November 2024, up 3.7% from last year, and the median price per square foot was $664.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $593.1K | $610.6K | +3.0% |
| 2 Bedrooms | $761.6K | $785.9K | +3.2% |
| 3 Bedrooms | $815.5K | $849.5K | +4.2% |
| 4 Bedrooms | $904K | $975K | +7.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +11.5% |
Summary: Boston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Boston | $789.7K | $819K | +3.7% |
| Chestnut Hill | $1.3M | $1.3M | 0.0% |
| Dorchester Center | $697.6K | $686.5K | -1.6% |
| Brookline | $1.1M | $1.1M | -3.5% |
Housing Supply in Boston, MA
How many homes are available in Boston, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,970 | 1,773 | -10.0% |
Summary: The Boston real estate market had 1,773 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 331 | 295 | -10.9% |
| 2 Bedrooms | 716 | 644 | -10.1% |
| 3 Bedrooms | 453 | 404 | -10.8% |
| 4 Bedrooms | 177 | 162 | -8.5% |
| 5+ Bedrooms | 293 | 268 | -8.5% |
Summary: The Boston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.9%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 8.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 360 | 314 | -12.8% |
Asking Price vs. Sold Price
166 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 314 homes were sold or pending in Boston in November 2024, down by 12.8% month-over-month. Of the 314 sold homes, 53% were sold under asking, 18% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 40 Days | -10.2% |
Summary: Homes in Boston had an average of 40 days on market in Nov 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
187 Homes Were Sold
Under 30 Days
88 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 November 2024, 314 homes were sold in Boston; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
