Is Boston, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boston is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Boston was a Buyer'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, VA

How much do homes in Boston, VA cost?

Median Sold Price

$346,725

$214/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$128,275(-27.0%)

Key Takeaway

Homes in Boston have sold for 27% less than they did a month ago.

Summary: The median home sold price in Boston was $346,725 in November 2024, down 27% from last month, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $475K$346.7K
-27.0%
5+ --
N/A

Summary: Boston housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Woodville
+126.7%
Stonewall-Hawthorne
+78.9%
Reva
-26.2%
Boston
-27.0%

Housing Supply in Boston, VA

How many homes are available in Boston, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Boston real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Boston 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 increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boston, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Boston in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Boston, VA

How long does it take to sell a home in Boston, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days8 Days+60.0%

Summary: Homes in Boston had an average of 8 days on market in Nov 2024, up by 60% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boston are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Boston; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Boston, VA

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