$10,000 Closing Credit*
$1,099,000
3,076 SqFt
3 Beds
•3 Full Baths, 1 Partial
#73320310, Kevin Song, Listing Office: Realty Executives
Is East Boston, 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, East Boston was a Seller's Market.
Key Takeaway
East Boston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Boston, MA
How much do homes in East Boston, MA cost?
Median Sold Price
$702,633
$624/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,633(+6.5%)
Key Takeaway
Homes in East Boston have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in East Boston was $702,633 in November 2024, up 6.5% from last year, and the median price per square foot was $624.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $505K | $529K | +4.8% |
| 2 Bedrooms | $615K | $679.5K | +10.5% |
| 3 Bedrooms | $723K | $735K | +1.7% |
| 4 Bedrooms | $805K | $905K | +12.4% |
| 5+ Bedrooms | $987.5K | $1.0M | +8.9% |
Summary: East Boston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Square | $599.4K | $719.5K | +20.0% |
| East Boston | $660K | $702.6K | +6.5% |
| Jeffries Point | $705K | $695.5K | -1.3% |
Housing Supply in East Boston, MA
How many homes are available in East Boston, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 127 | -8.0% |
Summary: The East Boston real estate market had 127 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 20 | -13.0% |
| 2 Bedrooms | 67 | 58 | -13.4% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The East Boston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in East Boston in November 2024, down by 34.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -16.4% |
Summary: Homes in East Boston had an average of 31 days on market in Nov 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Boston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in East Boston; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
