Is East Boston, 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, East Boston has remained a Seller's Market.
Key Takeaway
East Boston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Boston, MA
How much do homes in East Boston, MA cost?
Median Sold Price
$715,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Boston have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in East Boston was $715,000 in April 2024, up 10.8% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $489.9K | $525.4K | +7.2% |
| 2 Bedrooms | $619.5K | $675K | +9.0% |
| 3 Bedrooms | $717K | $790K | +10.2% |
| 4 Bedrooms | $799.5K | $825K | +3.2% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.2% |
Summary: East Boston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Square | $599.2K | $712.5K | +18.9% |
| East Boston | $645.3K | $715K | +10.8% |
| Jeffries Point | $699.9K | $730K | +4.3% |
Housing Supply in East Boston, MA
How many homes are available in East Boston, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 136 | 150 | +10.3% |
Summary: The East Boston real estate market had 150 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 22 | +10.0% |
| 2 Bedrooms | 67 | 69 | +3.0% |
| 3 Bedrooms | 25 | 33 | +32.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The East Boston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Boston, expect to pay close to the asking price. 34.4% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in East Boston in April 2024, down by 8.6% month-over-month. Of the 32 sold homes, 31% were sold under asking, 34% were sold at asking, and 34% were sold over asking.
Days on Market for East Boston, MA
How long does it take to sell a home in East Boston, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 26 Days | -47.9% |
Summary: Homes in East Boston had an average of 26 days on market in Apr 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Boston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in East Boston; 66% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
