Is Downtown Crossing, 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, Downtown Crossing has remained a Buyer's Market.
Key Takeaway
Downtown Crossing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Crossing, MA
How much do homes in Downtown Crossing, MA cost?
Median Sold Price
$1,610,000
$1,329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Crossing have sold for 26% less than they did a year ago.
Summary: The median home sold price in Downtown Crossing was $1,610,000 in April 2024, down 26% from last year, and the median price per square foot was $1,329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $1.0M | -1.4% |
| 2 Bedrooms | $2.1M | $1.8M | -17.1% |
| 3 Bedrooms | $4.0M | $3.6M | -9.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Crossing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Financial District | $1.0M | $2.4M | +131.1% |
| Downtown | $1.3M | $1.7M | +23.7% |
| Downtown Crossing | $2.1M | $1.6M | -26.0% |
Housing Supply in Downtown Crossing, MA
How many homes are available in Downtown Crossing, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 42 | +40.0% |
Summary: The Downtown Crossing real estate market had 42 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 10 | +233.3% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Crossing housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 233.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Crossing, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Downtown Crossing in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Crossing, MA
How long does it take to sell a home in Downtown Crossing, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 185 Days | 100 Days | -45.5% |
Summary: Homes in Downtown Crossing had an average of 100 days on market in Apr 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Downtown Crossing are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Downtown Crossing; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
