RealTrends Market Report

Boston, MA

Single-Family Homes

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Boston, MA

Mon Jun 24 2024
This week the median list price for Boston, MA is $2,449,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 64. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Boston, MA

Mon Jun 24 2024
This week the median list price for Boston, MA is $2,449,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 64. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Boston market.
Median List Price $2,449,500
Median Price of New Listings $1,899,000
Per Square Foot $1,025
Average Days on Market 86
Median Days on Market 49
Price Decreased 36%
Price Increased 2%
Relisted 3%
Inventory 64
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$11,975,000 6,519 0 - 4,500 sqft 5 6 153 0 0 150
$4,645,000 3,851 0 - 4,500 sqft 4 3.8 134 4 1 45
$1,637,000 2,464 0 - 4,500 sqft 4 3 121 4 1 28
$849,000 1,739 0 - 4,500 sqft 3 2 124 1 3 28