Overall, Boston’s sales market shows reduced inventory with fewer listings across all property types. Single-family and multi-family homes are experiencing a decline in median sale prices, while condos have seen a slight price increase. Despite quicker closings in the condo and multi-family sectors, list prices for single-family and multi-family homes are softening.

Single Family Home

(sourced from MLS)

Listing Units: 89 vs. 100
Median Days on Market:  49 vs. 65
Median List Price: $950,000.00 vs. $1,223,999.50
Median List $ / SqFt:  $515.12 vs. $600.76

Closed Units (Sold): 533 vs. 523
Median Days on Market: 20 vs. 20
Median Days to Offer: 8 vs. 8
Median Sale Price: $801,000.00 vs. $840,000.00
Median Sale $ / SqFt: $485.22 vs. $492.86

Multi Family Home

Listing Units: 115 vs. 125
Median Days on Market: 49 vs. 53
Median List Price: $1,385,000.00 vs. $1,590,000.00
Median List $ / SqFt: $401.35 vs. $459.77

Closed Units (Sold): 367 vs. 377
Median Days on Market: 26 vs. 22
Median Days to Offer: 14 vs. 10
Median Sale Price: $1,000,000.00 vs. $1,180,000.00
Median Sale $ / SqFt:$344.51 vs. $380.63

Condo

Listing Units: 763 vs. 863
Median Days on Market: 70 vs. 76
Median List Price: $1,100,000.00 vs. $999,000.00
Median List $ / SqFt: $1,022.73 vs. $995.20

Closed Units (Sold): 2646 vs. 2441
Median Days on Market: 22 vs. 26
Median Days to Offer: 12 vs. 14
Median Sale Price: $749,000.00 vs. $755,300.00
Median Sale $ / SqFt: $792.58 vs. $800.48