Is South Boston, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Boston has remained a Seller's Market.
Housing Prices in South Boston, MA
How much do homes in South Boston, MA cost?
Median Sold Price
$868,333
$776/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Boston was $868,333 in May 2024, up 7.1% from last year, and the median price per square foot was $776.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540.5K | $575K | +6.4% |
2 Bedrooms | $765K | $830K | +8.5% |
3 Bedrooms | $1.0M | $1.0M | +0.9% |
4 Bedrooms | $1.3M | $1.3M | -5.1% |
5+ Bedrooms | $1.5M | $1.8M | +20.0% |
Summary: South Boston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
Seaport | $1.3M | $1.9M | +45.6% |
South End | $1.2M | $1.4M | +17.3% |
South Boston | $810.4K | $868.3K | +7.1% |
Dorchester | $695K | $708.3K | +1.9% |
Housing Supply in South Boston, MA
How many homes are available in South Boston, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
224 | 238 | +6.3% |
Summary: The South Boston real estate market had 238 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 31 | +6.9% |
2 Bedrooms | 108 | 119 | +10.2% |
3 Bedrooms | 50 | 45 | -10.0% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The South Boston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 44 | +22.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in South Boston in May 2024, up by 22.2% month-over-month. Of the 44 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% were sold over asking.
Days on Market for South Boston, MA
How long does it take to sell a home in South Boston, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 43 Days | +69.3% |
Summary: Homes in South Boston had an average of 43 days on market in May 2024, up by 69.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in South Boston; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.