RealTrends Market Report

Boston, MA

Single-Family Homes

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Boston, MA

Mon Jun 17 2024
This week the median list price for Boston, MA is $2,375,000 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has held steady at or around 60. Click here to stay informed with the Boston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Boston, MA

Mon Jun 17 2024
This week the median list price for Boston, MA is $2,375,000 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has held steady at or around 60. Click here to stay informed with the Boston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Boston market.
Median List Price $2,375,000
Median Price of New Listings $929,000
Per Square Foot $969
Average Days on Market 87
Median Days on Market 49
Price Decreased 37%
Price Increased 2%
Relisted 2%
Inventory 60
Median Rent
Market Action 44
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,000,000 6,442 0 - 4,500 sqft 5 6 153 0 0 154
$4,899,000 4,269 0 - 4,500 sqft 5 4 134 0 6 56
$1,350,000 2,170 0 - 4,500 sqft 4 3 134 2 4 42
$719,900 1,764 0 - 4,500 sqft 3 2 125 3 5 21