Is Allston, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Allston was a Buyer's Market.
Key Takeaway
Allston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allston, MA
How much do homes in Allston, MA cost?
Median Sold Price
$749,000
$914/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Allston have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in Allston was $749,000 in March 2024, up 35.6% from last year, and the median price per square foot was $914.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $434.5K | $695K | +60.0% |
| 2 Bedrooms | $539.5K | $852K | +57.9% |
| 3 Bedrooms | $800K | $985K | +23.1% |
| 4 Bedrooms | $573.5K | $760K | +32.5% |
| 5+ Bedrooms | $1.0M | $1.6M | +60.0% |
Summary: Allston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 57.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Neighborhoods
| Allston | $552.5K | $749K | +35.6% |
| Cambridgeport | $1.3M | $1.0M | -16.2% |
Housing Supply in Allston, MA
How many homes are available in Allston, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Allston real estate market had 26 homes for sale in March 2024, a 13.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 10 | -44.4% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Allston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Allston, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Allston in March 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Allston, MA
How long does it take to sell a home in Allston, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 40 Days | +87.5% |
Summary: Homes in Allston had an average of 40 days on market in Mar 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allston are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Allston; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
