$1,306 Closing Credit*
$110,000
1,726 SqFt
2 Beds
•2 Full Baths
Michael S Wilson, Listing Office: Michael Wilson Realty LLC
Is Boston, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NY
How much do homes in Boston, NY cost?
Median Sold Price
$362,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+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 $362,000 in October 2024, up 3.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205.1K | $232.4K | +13.3% |
| 3 Bedrooms | $355K | $319.3K | -10.1% |
| 4 Bedrooms | $350K | $408K | +16.6% |
| 5+ Bedrooms | $537.5K | $465K | -13.5% |
Summary: Boston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Colden | $305K | $337.5K | +10.7% |
| Boston | $350K | $362K | +3.4% |
| Aurora | $388.7K | $392K | +0.8% |
Housing Supply in Boston, NY
How many homes are available in Boston, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Summary: The Boston real estate market had 20 homes for sale in October 2024, a 35.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 16 | 8 | -50.0% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Boston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Boston in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Boston, NY
How long does it take to sell a home in Boston, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 45 Days | +235.5% |
Summary: Homes in Boston had an average of 45 days on market in Oct 2024, up by 235.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 7 homes were sold in Boston; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
