Boston, MA Home Values & Market Trends
Real estate market trends reflect that there have been 1,860 transactions over the past year in Boston. The median value for residential home transactions that occurred over the previous year is $964,380.73. The number of current listings in Boston is 40, and the percentage of properties for sale in the city is 40.00%. Boston, MA currently has 16 properties in foreclosure, 1 bank owned properties, 5 properties headed for auction, and 40 properties for sale.
Boston, MA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 02116 | $ 1,091,522 $ 1,120/sqft | 02210 | $ 1,012,616 $ 923/sqft |
| 02118 | $ 1,046,663 $ 962/sqft | 02111 | $ -- $ -- |
| 02114 | $ 637,000 $ 794/sqft | 02113 | $ -- $ -- |
| 02115 | $ 2,077,714 $ 1,132/sqft | 02201 | $ -- $ -- |
| 02215 | $ 460,000 $ 1,074/sqft | 02203 | $ -- $ -- |
| 02110 | $ 3,111,168 $ 1,745/sqft | 02163 | $ -- $ -- |
| 02108 | $ 2,736,308 $ 1,685/sqft | 02199 | $ -- $ -- |
| 02109 | $ 1,650,000 $ 1,082/sqft | 02222 | $ -- $ -- |
Housing Market Summary for Boston, MA
| Sep 2023 | August 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.3M | $890K | -34.03% |
| Median Sold Price | $997.3K | $1.1M | 14.12% |
| Homes For Sale | 55 | 41 | -25.45% |
| Homes Sold | 1,116 | 1,000 | -10.39% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Boston, MA
Boston home values range from $59,096 to $54,005,925. The median estimated value of a home in Boston is $964,380.73. The median list price of a home is 884,500, and the total count of properties in the city is 32,600.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Boston, MA with 02118 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Boston, MA; of those zips, the estimated home value for pre-foreclosure homes ranges from $822,961 in 02111 to the lowest home value of $606,744 in 02114.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Boston, MA ranges from the highest value of $848,615 in 02111 to the lowest value of $848,615 in 02111. Bank owned homes and properties account for 0.00% of properties in Boston, MA. There are 16 zips within Boston, MA; 02111 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions02113 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Boston, MA. Auction homes and other auction properties account for 0.02% of all properties in Boston, MA. There are 16 zips within Boston, MA; of those zips, the median estimated home value for homes going to auction ranges from $416,750 in 02115 to the lowest value of $416,750 in 02115.
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Guide for Boston, MA
This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.
Worcester, MA real estate trends show steady growth with avg. property value reaching $340k in May this year.
Real estate trends in Worcester, MA show rising property values and sale prices per sq ft despite a slight decrease in sale volume.
In August 2024, Chicago saw a significant 19% decrease in pre-foreclosures from July, and a 42% drop year-over-year.