Is Boston, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boston is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Boston has remained a Seller's Market.

Key Takeaway

Boston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Boston, MA cost?

Median Sold Price

$770,797

$637/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$51,351(+7.1%)

Key Takeaway

Homes in Boston have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $556.9K$608.4K
+9.2%
2 $689.8K$729.1K
+5.7%
3 $738.8K$794.5K
+7.5%
4 $849.9K$901K
+6.0%
5+ $980.1K$1.0M
+8.5%

Median Sold Price Compared To Nearby Cities

Dorchester Center
+8.5%
Brookline
+8.2%
Boston
+7.1%
Chestnut Hill
+5.9%

How many homes are available in Boston, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
2,2271,955-12.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 375334
-10.9%
2 815697
-14.5%
3 476406
-14.7%
4 200167
-16.5%
5+ 361351
-2.8%

Number of Homes Sold

Jul 2022Aug 2022%
563459-18.5%

Asking Price vs. Sold Price

242 Homes Were Sold
Under Asking

74 Homes Were Sold
At Asking

143 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boston, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
53 Days31 Days-40.4%

Breakdown of Home Sale Times

278 Homes Were Sold
Under 30 Days

168 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boston are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Boston, MA

There are 1,955 homes are for sale in Boston, MA real estate market. The number of listings in Boston, MA decreased by 12.2% between July 2022 and August 2022. In August 2022 median list price was $770,797 and the average listing age was 31 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 9.2%, the cost of 2 bedrooms properties went up by 5.7%, 3 bedrooms properties prices increased by 7.5%, the cost of 4 bedrooms properties went up by 6%, prices of 5 bedrooms properties increased by 8.5%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 10.9%, 2 bedrooms homes inventory decreased by 14.5%, 3 bedrooms homes inventory decreased by 14.7%, 4 bedrooms homes became 16.5% less available, 5 bedrooms homes became 2.8% less available. In August 2022 more than 143 listings in Boston, MA were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 242 were sold below.

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