Is East Boston, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Boston has remained a Seller's Market.
Housing Prices in East Boston, MA
How much do homes in East Boston, MA cost?
Median Sold Price
$715,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Boston was $715,000 in April 2024, up 10.8% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $489.9K | $525.4K | +7.2% |
2 Bedrooms | $619.5K | $675K | +9.0% |
3 Bedrooms | $717K | $790K | +10.2% |
4 Bedrooms | $799.5K | $825K | +3.2% |
5+ Bedrooms | $1.0M | $1.0M | +1.2% |
Summary: East Boston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
Central Square | $599.2K | $712.5K | +18.9% |
East Boston | $645.3K | $715K | +10.8% |
Jeffries Point | $699.9K | $730K | +4.3% |
Housing Supply in East Boston, MA
How many homes are available in East Boston, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 150 | +10.3% |
Summary: The East Boston real estate market had 150 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 22 | +10.0% |
2 Bedrooms | 67 | 69 | +3.0% |
3 Bedrooms | 25 | 33 | +32.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The East Boston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in East Boston in April 2024, down by 8.6% month-over-month. Of the 32 sold homes, 31% were sold under asking, 34% were sold at asking, and 34% were sold over asking.
Days on Market for East Boston, MA
How long does it take to sell a home in East Boston, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 26 Days | -47.9% |
Summary: Homes in East Boston had an average of 26 days on market in Apr 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in East Boston; 66% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.