Single-Family Homes
Wed Dec 11 2024
This week the median list price for Boston, MA is $2,699,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 51.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $2,699,000 | |
Median Price of New Listings | $6,140,000 | |
Per Square Foot | $977 | |
Average Days on Market | 126 | |
Median Days on Market | 70 | |
Price Decreased | 27% | |
Price Increased | 0% | |
Relisted | 2% | |
Inventory | 51 | |
Median Rent | ||
Market Action | 40 | |
Slight Seller's Advantage |
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$10,450,000 | 6,262 | 0 - 4,500 sqft | 5 | 6 | 149 | 0 | 0 | 252 |
$4,175,000 | 3,300 | 0 - 4,500 sqft | 3 | 3.5 | 114 | 2 | 2 | 84 |
$1,999,000 | 2,484 | 0 - 4,500 sqft | 4 | 3 | 119 | 0 | 3 | 84 |
$925,000 | 1,854 | 0 - 4,500 sqft | 4 | 2.5 | 124 | 0 | 4 | 28 |