$3,295,000
1,860 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73314261, Julie Harrison, Listing Office: Gibson Sotheby's International Realty
Is Commonwealth Ave., 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, Commonwealth Ave. has remained a Seller's Market.
Key Takeaway
Commonwealth Ave. is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Commonwealth Ave., MA
How much do homes in Commonwealth Ave., MA cost?
Median Sold Price
$1,232,500
$1,315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$102,500(-7.7%)
Key Takeaway
Homes in Commonwealth Ave. have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Commonwealth Ave. was $1,232,500 in November 2024, down 7.7% from last year, and the median price per square foot was $1,315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $896K | $830K | -7.4% |
| 2 Bedrooms | $1.5M | $1.5M | +1.6% |
| 3 Bedrooms | $7.7M | $3.7M | -51.6% |
| 4 Bedrooms | $8.4M | $6.0M | -27.7% |
| 5+ Bedrooms | $10.2M | $7.8M | -23.4% |
Summary: Commonwealth Ave. housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 51.6%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Back Bay | $1.5M | $1.4M | -3.7% |
| Commonwealth Ave. | $1.3M | $1.2M | -7.7% |
Housing Supply in Commonwealth Ave., MA
How many homes are available in Commonwealth Ave., MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The Commonwealth Ave. real estate market had 30 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Commonwealth Ave. housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Commonwealth Ave., you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Commonwealth Ave. in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Commonwealth Ave., MA
How long does it take to sell a home in Commonwealth Ave., MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 46 Days | -33.3% |
Summary: Homes in Commonwealth Ave. had an average of 46 days on market in Nov 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Commonwealth Ave. are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Commonwealth Ave.; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
