Is Commonwealth Ave., 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, Commonwealth Ave. has remained a Buyer's Market.
Housing Prices in Commonwealth Ave., MA
How much do homes in Commonwealth Ave., MA cost?
Median Sold Price
$1,287,500
$1,231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Commonwealth Ave. was $1,287,500 in April 2024, down 24.3% from last year, and the median price per square foot was $1,231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $770K | $896K | +16.4% |
2 Bedrooms | $1.7M | $1.5M | -14.8% |
3 Bedrooms | $4.1M | $2.9M | -28.3% |
4 Bedrooms | $7.0M | - | N/A |
5+ Bedrooms | $9.5M | $14.5M | +52.6% |
Summary: Commonwealth Ave. housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 52.6%.
Median Sold Price Compared To Nearby Neighborhoods
Back Bay | $1.4M | $1.4M | -1.4% |
Commonwealth Ave. | $1.7M | $1.2M | -24.3% |
Housing Supply in Commonwealth Ave., MA
How many homes are available in Commonwealth Ave., MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The Commonwealth Ave. real estate market had 29 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Commonwealth Ave. housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Commonwealth Ave. in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Commonwealth Ave., MA
How long does it take to sell a home in Commonwealth Ave., MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 54 Days | +86.2% |
Summary: Homes in Commonwealth Ave. had an average of 54 days on market in Apr 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Commonwealth Ave.; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.