In the Single Family market, we see a continued increase in demand as more offices move toward remote work, decreasing the demand for condos closer to Downtown Boston. The Multi-Family market continues to speed-up, as it provides an alternative to Single-Family living with a stable income source.
Single Family Home
(sourced from MLS)
Listing Units: 101 vs. 137
Median Days on Market: 34 vs. 33
Median List Price: $1,195,000.00 vs. $1,375,000.00
Median List $ / SqFt: $622.80 vs. $601.71
Closed Units (Sold): 379 vs. 357
Median Days on Market: 22 vs. 21
Median Days to Offer: 11 vs. 8
Median Sale Price: $775,000.00 vs. $850,000.00
Median Sale $ / SqFt: $472.44 vs. $503.25
Multi Family Home
Listing Units: 119 vs. 131
Median Days on Market: 51 vs. 41
Median List Price: $1,450,000.00 vs. $1,695,000.00
Median List $ / SqFt: $436.70 vs. $462.32
Closed Units (Sold): 267 vs. 268
Median Days on Market: 27 vs. 21
Median Days to Offer: 14 vs. 10
Median Sale Price: $1,000,000.00 vs. $1,120,000.00
Median Sale $ / SqFt: $354.44 vs. $367.67
Condo
Listing Units: $354.44 vs. $367.67
Median Days on Market: 51 vs. 48
Median List Price: $1,100,000.00 vs. $949,000.00
Median List $ / SqFt: $1,021.58 vs. $976.51
Closed Units (Sold): 1860 vs. 1668
Median Days on Market: 23 vs. 26
Median Days to Offer: 23 vs. 26
Median Sale Price: $749,950.00 vs. $750,000.00
Median Sale $ / SqFt: $792.17 vs. $800.55