$5,819 Closing Credit*
$490,000
439 SqFt
Studio
•1 Full Bath
#73313106, Linfei Zhang, Listing Office: Boston USwoo Realty LLC
Is East 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, East Boston was a Seller's Market.
Key Takeaway
East 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 East Boston, MA
How much do homes in East Boston, MA cost?
Median Sold Price
$707,900
$623/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,233(+6.2%)
Key Takeaway
Homes in East Boston have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in East Boston was $707,900 in October 2024, up 6.2% from last year, and the median price per square foot was $623.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $529K | +3.7% |
| 2 Bedrooms | $620.5K | $681.6K | +9.9% |
| 3 Bedrooms | $729K | $750K | +2.9% |
| 4 Bedrooms | $805K | $882.5K | +9.6% |
| 5+ Bedrooms | $1.0M | $1.0M | +6.2% |
Summary: East Boston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| East Boston | $666.6K | $707.9K | +6.2% |
| Orient Heights | $685K | $710K | +3.6% |
| Jeffries Point | $722K | $690.5K | -4.4% |
Housing Supply in East Boston, MA
How many homes are available in East Boston, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 163 | +17.3% |
Summary: The East Boston real estate market had 163 homes for sale in October 2024, a 17.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 28 | +21.7% |
| 2 Bedrooms | 62 | 81 | +30.6% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The East Boston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 30.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Boston, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in East Boston in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for East Boston, MA
How long does it take to sell a home in East Boston, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 41 Days | -7.9% |
Summary: Homes in East Boston had an average of 41 days on market in Oct 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Boston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in East Boston; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
