Is Downtown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, MA
How much do homes in Downtown, MA cost?
Median Sold Price
$1,700,000
$1,212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $1,700,000 in April 2024, up 23.7% from last year, and the median price per square foot was $1,212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $760K | $1.0M | +38.2% |
2 Bedrooms | $1.6M | $1.8M | +13.9% |
3 Bedrooms | $2.9M | $3.3M | +12.7% |
4 Bedrooms | - | $4.9M | N/A |
5+ Bedrooms | $3.5M | $8.1M | +132.0% |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 132%.
Median Sold Price Compared To Nearby Neighborhoods
Financial District | $1.0M | $2.4M | +131.1% |
Downtown | $1.3M | $1.7M | +23.7% |
Waterfront | $1.2M | $1.1M | -6.4% |
Downtown Crossing | $2.1M | $1.6M | -26.0% |
Housing Supply in Downtown, MA
How many homes are available in Downtown, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 145 | +29.5% |
Summary: The Downtown real estate market had 145 homes for sale in April 2024, a 29.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 36 | +89.5% |
2 Bedrooms | 60 | 72 | +20.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 89.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 19.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Downtown in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, MA
How long does it take to sell a home in Downtown, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 61 Days | -19.7% |
Summary: Homes in Downtown had an average of 61 days on market in Apr 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Downtown; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.